Aug 22 (Reuters) - Peloton Interactive forecast 2025 subscriptions below analysts' estimates on Thursday, anticipating weak demand for its exercise equipment and sluggish subscriber additions as sticky inflation keeps discretionary spending in check.
The company said it expects paid connected fitness subscriptions for fiscal year 2025 to be between 2.68 million and 2.75 million, lower than FactSet estimates of 3.01 million.
"Our full-year FY25 guidance reflects the expectation that hardware sales will decline Y/Y," Peloton said.
Reporting by Kannaki Deka in Bengaluru; Editing by Sriraj Kalluvila
Source: Reuters