Business • Consumer & Service
2020-09-12T23:30:01+00:00

Peloton announced its first-ever quarterly profit amid Covid-19 pandemic-demand spike

Peloton announced its first-ever quarterly profit amid Covid-19 pandemic-demand spike
Peloton Bike Credit: Peloton

Peloton, the connected fitness-equipment company, reported a fiscal fourth-quarter profit of $89.1 million, the first-ever since the company went public a year ago. The company revenue totalled $607.1 million, up from $223 million a year ago.

During a conference call Thursday, the company CEO James Foley said: "The strong tailwind we experienced in March as the COVID-19 pandemic took hold has continued to propel the demand for our products into the fourth quarter and the first couple of months of the Q1 fiscal year 2021."

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