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Shares of Peloton surge 16% as it edges toward profitability, posts better than expected sales

Summary by CNBC
Peloton has shifted its focus to boosting profitability at the expense of growing sales by cutting marketing and other administraitive costs.

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CNBCCNBC

Shares of Peloton surge 16% as it edges toward profitability, posts better than expected sales

Peloton has shifted its focus to boosting profitability at the expense of growing sales by cutting marketing and other administraitive costs.

·United States
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BloombergBloomberg

Peloton Forecasts Profit Gains Even as Sales Continue to Fall

Peloton Interactive Inc., delivering its first quarterly results under new management, reported that cost cuts have bolstered profit more than anticipated, even as its revenue continues to shrink.

·United States
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Morning TimesMorning Times

Peloton: Fiscal Q2 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Peloton Interactive Inc. (PTON) on Thursday reported a loss of $92 million in its fiscal second quarter.

·Sayre, United States
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Bloomberg broke the news in United States on Thursday, February 6, 2025.
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