Filing Flows › Peloton Interactive (PTON) › Q3 FY25
Peloton Interactive (PTON) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
Peloton Interactive (PTON) reported revenue of $624M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and -7% from the quarter before. Operating margin was -5.2%, net loss $47.7M (7.6% of revenue).
Peloton Interactive, Q3 FY25: revenue $624M (-13% year over year), operating margin -5.2%, net loss $47.7M, operating cash flow $96.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $624M | -7% | -13% |
| Operating profit | −$32.4M | — | — |
| Net earnings | −$47.7M | — | — |
| Operating cash flow | $96.7M | -9% | +734% |
| Free cash flow | $94.6M | — | 11× |
What changed
Revenue was $624.0M in Q3 FY25, down 13% year over year and down 7% from the previous quarter. Subscription was the largest line at 67% of revenue. Connected Fitness Products lost $74.4M year over year (down 27%), 79% of the total change.
Gross margin was 51.0%, up 7.8 points from a year earlier. Operating costs exceeded revenue by $32.4M, an operating margin of -5.2%. Operating expenses fell 23% while revenue fell 13%. The quarter ended with a net loss of $47.7M, narrower than the previous quarter's $92.0M loss.
Operating cash flow was $96.7M (up 734% year over year). Non-cash charges added back $21.2M of depreciation and amortization and $67.5M of share-based compensation. Working capital and other items added $55.7M. After capital expenditures ($2.1M), free cash flow as the company reports it was $94.6M.
Questions
What was Peloton Interactive's revenue in the third quarter fiscal 2025?
Peloton Interactive (PTON) reported revenue of $624M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and -7% from the quarter before.
Was Peloton Interactive profitable in the third quarter fiscal 2025?
Operating loss was $32.4M (-5.2% of revenue) and net loss $47.7M.