Peloton Announces Q1 FY2027 Financial Results

Peloton reported Q1 FY2027 revenue of $559 million, up 2% year over year and above the midpoint of guidance, with GAAP net income of $96 million. Adjusted EBITDA rose 42% to $168 million, while paid connected fitness subscriptions reached 2.475 million, the top of the guidance range. Gross margin was 61.3%, above the 57% forecast, partly due to nonrecurring benefits; operating cash flow increased 103% to $146 million. Peloton also reduced gross principal debt by nearly $500 million during calendar 2026.