Peloton Interactive Inc. posted its first-ever quarterly profit as revenue nearly tripled, capitalizing on surging demand for at-home fitness gear during the coronavirus pandemic. Peloton said the number of people subscribing to its remote fitness classes reached roughly 1.1 million in the quarter ended June 30, an indicator of demand for its stationary bicycles and treadmills. The tally stood at 886,100 at the end of March.

Source: Wall Street Journal September 10, 2020 22:18 UTC