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PTON Shares Up 5% After Hours, Peloton Releases Q3 2021 Earnings with 141% Sales Growth
8 hours ago by Benjamin Godfrey · 3 min read
Photo: Peloton
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The increased Peloton sales were fueled by the company’s targeted investments in its shipping line, a venture that has helped it reduce the hassles surrounding the delivery of its product.
American exercise equipment and media company, Peloton Interactive Inc (NASDAQ: PTON) has released its third-quarter earnings with a record 141% growth in its sales when compared to the year-ago period. Here is how the company performed in its relatively better Q3.
Total revenue came in at $1.2623 billion, up from $524.6 million a year earlier. The exercise firm recorded 3 cents per share, as against the 12 cents polled by Refinitiv analysts. Connected Fitness subscriptions, a measure of those who own a Peloton exercise device and pays the monthly subscription shot up 135 ....

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