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Peloton Interactive, Inc. is an exercise equipment and media company. It was founded in 2012 by John Foley and launched off a Kickstarter funding campaign in 2013.

Peloton’s Q4 Surprise

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Peloton’s latest earnings call actually gave investors something to smile about. After years of sliding sales, shrinking membership, and wave after wave of cuts, the company managed to do something it hasn’t pulled off in ages: turn a profit.

Q4 2025 wasn’t just about hitting targets. It was about showing that Peloton might finally be stabilizing. The results point to a leaner operation with a broader vision that stretches well past bikes and treadmills. But while the numbers are moving in the right direction, the story underneath is still complicated.

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