Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid

A Peloton stationary bicycle inside a store in Palo Alto, California.Photographer: David Paul Morris/Bloomberg

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By Samantha Kelly

August 7, 2025 at 11:00 AM UTC

Updated on

August 7, 2025 at 11:08 AM UTC

Peloton Interactive Inc. projected a sales decline for the current quarter and said it would once again cut jobs, but the company preached confidence in a turnaround plan under new management.

Revenue in the fiscal first quarter will be $525 million to $545 million, Peloton said Thursday, missing Wall Street estimates with a decline of 12% at the midpoint. It expects full-year revenue for fiscal 2026 to range from $2.4 billion to $2.5 billion, representing a 2% year-over-year drop but meeting analyst estimates.