Peloton falls after downbeat forecast, wider-than-expected Q2 loss

Shares of Peloton Interactive PTON.O decline 11.2% to $5.26 in premarket trading

The maker of fitness products forecast Q3 revenue between $605 million and 625 million, below analysts' average estimate of $638.4 million - LSEG-compiled data

Total membership fell 6% YoY in Q2

Co says CFO Liz Coddington to step down after March

Reports a Q2 loss of 9 cents per share, wider than analysts' expected loss of 6 cents per share

Posts quarterly revenue of $656.5 million vs. estimates of $674.3 million
PTON trades at a forward 12-month P/E of 26.97 vs. industry median of 18.99

Of 21 brokerages tracking the stock, 11 rate it "buy" or higher, 9 "hold" and one "sell"; their median PT is $9.60 - LSEG-compiled data

In 2025, PTON slumped 29.2%