Peloton First-Quarter Profit and Revenue Rise
Peloton said first-quarter net income was $96 million, or 19 cents a share, compared with $13.9 million, or 3 cents a share. Higher subscription revenue and more disciplined spending contributed to the increase.
By Josée RosePeloton Interactive's first-quarter profit and revenue rose on higher subscription revenue and more disciplined spending.The interactive fitness equipment and digital workout company said net income was $96 million, or 19 cents a share, compared with $13.9 million, or 3 cents a share…