Net income was $13.9 million against a loss of $0.9 million in the first quarter of FY26 ended Sep. 30, on a 6% drop in total revenues to $550.8 million from $586.0 million. Adjusted EBITDA expanded by 2% to $118.3 million. Connected Fitness product sales declined by 2.1% to $141.9 million. Subscription revenues slipped 8.7% to $125.2 million.

With the results, the company disclosed its FY26 outlook, calling for 12% adjusted EBITDA growth to a range of $425 to $475 million, a 110 basis point expansion in gross margin to approximately 52.0%, ... Log in to view full article.