Peloton Interactive, Inc. reported its fiscal year 2025 performance, revealing a net loss of $118.9 million, a significant improvement compared to the $551.9 million loss in fiscal year 2024 and the $1.26 billion loss in fiscal year 2023. Total revenue for fiscal year 2025 was $2.49 billion, a decrease of 7.8% from the $2.70 billion reported in fiscal year 2024. The company's Connected Fitness Products revenue declined by 17.6% to $817.1 million, while Subscription revenue decreased by 2.1% to $1.67 billion.
The company experienced a decrease in Ending Paid Connected Fitness Subscriptions, which totaled 2,799,943 at the end of fiscal year 2025, compared to 2,976,265 at the end of fiscal year 2024. Average Net Monthly Paid Connected Fitness Subscription Churn increased slightly to 1.6% from 1.4% in the previous year. Ending Paid App Subscriptions decreased to 552,451 from 621,432, and Average Monthly Paid App Subscription Churn was 7.0%. Despite the revenue decline, Subscription Gross Profit remained relatively stable at $1.16 billion, and Subscription Contribution increased to $1.22 billion.
Peloton has been actively engaged in restructuring initiatives to improve its financial performance. In August 2025, the company announced a new restructuring plan, projecting at least $100 million in run-rate savings by the end of fiscal year 2026. These efforts include a reduction in global headcount and optimization of the retail showroom footprint. The company has also focused on improving its cost structure and operating efficiency. These restructuring activities have resulted in charges, which are anticipated to continue in the future.
Looking ahead, Peloton is focused on stabilizing cash flows and driving long-term member engagement through innovation and community support. The company is also working to integrate Precor into its business and optimize its go-to-market strategy in international markets. While the company has made progress in improving its financial performance, it acknowledges that its future results are subject to various risks and uncertainties, including market conditions, competition, and the ability to execute its business strategy.
About PELOTON INTERACTIVE, INC.
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