Peloton posts first-ever annual net profit, but shares drop as outlook disappoints

Peloton achieved profitability for the first time as a public company in fiscal 2026, reporting net income of $63.2 million for the year ended June 30, compared with a loss of $118.9 million in the prior-year period. The company attributed the turnaround partly to price increases implemented on hardware and subscription services in the previous fall. Chief Executive Peter Stern characterized the fiscal year as a “landmark” achievement that demonstrated the company’s maturation