Peloton shares slide on bigger-than-expected Q3 loss
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Peloton Interactive raised its 2025 revenue forecast on Thursday but reported a bigger third-quarter loss than expected as the fitness company struggles to recover from a post-pandemic slump, sending its shares down more than 14 per cent in morning trading. The pandemic-era favorite has been pivoting away from equipment such as spin bikes and treadmills and focusing on subscriber growth for its live and on-demand workout videos. The company saw a slowdown in both equipment sales and
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