Peloton revenue jumps

Pandemic spurs workouts at home

Peloton Interactive Inc reported quarterly revenue that more than doubled on Thursday, powered by strong demand for its exercise bikes and treadmills during the coronavirus pandemic.

The company’s total quarterly revenue rose 128% to $1.06 billion.

Net profit attributable to Class A and Class B shareholders was $63.6 million, or 18 cents per share, in the quarter ended Dec. 31, compared with a loss of $55.4 million, or 20 cents per share, a year earlier.

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