Peloton Q1 revenue falls 6% to $551 million; raises full-year adjusted EBITDA outlook
Peloton reported fiscal first-quarter 2026 results for the quarter ended September 30, 2025. Revenue fell 6% year-over-year to $551 million, while net income rose to $14 million and adjusted EBITDA reached $118 million. The company raised its full-year fiscal 2026 adjusted EBITDA guidance to $425 million to $475 million, but its full-year revenue outlook of $2.4 billion to $2.5 billion was unchanged and implies a 2% decline at the midpoint.
Key points
- Total revenue was $551 million, down $35 million or 6% year-over-year, and $6 million above the high end of guidance.
- Net income was $14 million, up $15 million year-over-year; adjusted EBITDA was $118 million, up 2%.
- Ending paid connected fitness subscriptions were 2.732 million, down 6% year-over-year.
- Full-year fiscal 2026 adjusted EBITDA outlook was raised by $25 million to $425 million to $475 million; revenue outlook was unchanged.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.