The connected fitness company reported lower quarterly sales and another loss amid a general slowdown in consumer spending and economic uncertainty fueled by potential tariffs. However, Q3 results did show some improvements, as Peloton adjusted its FY25 outlook and said sales have rebounded somewhat since early April under the leadership of new CEO Peter Stern.

The bottom line improved by 72% year-over-year to a loss of $47.7 million versus $167.3 million in the year-ago quarter as total revenues slid by 13% to $624.0 million. Connected Fitness sales were down 27% to $205.5 ... Log in to view full article.