---
schema_version: "secwatch.filing_event.v1"
accession: "0001639825-24-000049"
form_type: "8-K"
ticker: "PTON"
cik: "0001639825"
company_name: "PELOTON INTERACTIVE, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:35:24.721334+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Peloton Q3 revenue $717.7M, net loss $167.3M; restructuring to cut $200M in annual expenses

## Summary
- Total revenue $717.7M (-4% YoY); connected fitness products revenue $279.9M (-14% YoY); subscription revenue $437.8M (+3% YoY).
- Net loss $167.3M, improved from $275.9M loss in Q3 FY23; Adjusted EBITDA $5.8M vs. -$18.7M YoY.
- Free cash flow positive $8.6M, first time in over three years; subscription gross margin 68.1% (+30 bps YoY).
- Restructuring plan targets >$200M annual run-rate cost reduction by end of FY2025, with ~15% headcount reduction (~400 team members).
- Plans to reduce retail showroom footprint and reimagine international go-to-market; also working with JP Morgan/Goldman on refinancing.

## SEC filing metadata
- accession: 0001639825-24-000049
- form_type: 8-K
- ticker: PTON
- cik: 0001639825
- company_name: PELOTON INTERACTIVE, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639825/000163982524000049/0001639825-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639825/000163982524000049/pton-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001639825-24-000049
- JSON: https://secwatch.observer/filing/0001639825-24-000049.json
- Plain text: https://secwatch.observer/filing/0001639825-24-000049.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.