Peloton falls after bigger-than-expected quarterly loss

Shares of fitness company Peloton Interactive PTON.O fall 5% to $6.66 premarket after posting a bigger Q3 loss than expected

PTON posted Q3 loss per share of 12 cents, bigger than analysts' estimates of 6 cents per share, according to data compiled by LSEG

PTON lowered its annual outlook for app-based subscriptions to 540,000 to 550,000, a decline of 30,000 at midpoint

However, co raises 2025 revenue forecast to $2.46 bln to $2.47 bln, an increase of $7.5 mln at the midpoint from its previous forecast

7 of 22 brokerages rate PTON "buy" or higher, 14 "hold" and one "sell"; their median PT is $9 - LSEG data

As of last close, stock down 19.77% YTD