Peloton Interactive (PLTN) Hopes Q3 Adj. EBITDA Up, Tightens Annual Outlook; Pre-Market Down

Peloton Interactive (PLTN) expects adjusted EBITDA for the third quarter to rise sequentially, citing stronger digital engagement and recurring revenue growth, with the pre-market down after the release. The company revised its annual guidance to a narrower range, reflecting cautious outlook despite the positive earnings surprise. Financials: Q3 revenue guidance of $325M-$335M, up from $315M-$325M; adjusted EBITDA guidance revised to $35M-$40M vs. prior $38M-$43M. The stock fell 2.4% in early trading on the announcement.