Peloton (PTON) is sliding as the exercise equipment maker saw an acceleration in cancellations — or “churn” — in paid connected fitness subscriptions during its fourth quarter, and gave revenue guidance for both the first quarter and fiscal 2027 that trailed Street expectations.
Peloton delivered its first ever annual profit in fiscal 2026 but it's still working to generate sales growth as consumers pull back on big ticket purchases.
Peloton Interactive Inc. forecast revenue for the fiscal 2027 year that came in below estimates. This marks the latest setback for the fitness technology company.
Venture capital firm Felix Capital is attempting to raise $600 million for its next fund, highlighting its previous investments in Peloton and Deliveroo. However, investors are hesitant to commit new capital until they see returns from older funds.
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