Peloton shares soar 35% as turnaround plan takes hold, losses shrink

Peloton has been working to generate free cash flow and return to profitability, and has made cuts to sales and marketing budgets to improve its balance sheet.

Aug 23, 2024 - 08:00
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Peloton shares soar 35% as turnaround plan takes hold, losses shrink
Peloton has been working to generate free cash flow and return to profitability, and has made cuts to sales and marketing budgets to improve its balance sheet.