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Peloton revenue surges as pandemic spurs fitness equipment demand

Nov 5 (Reuters) - Exercise bike maker Peloton Interactive Inc on Thursday posted a surge in quarterly revenue as gym closures during the COVID-19 pandemic spurred demand for its at-home fitness equipment.

The company’s total quarterly revenue rose 232% to $757.9 million.

Net profit attributable to Class A and Class B shareholders was $69.3 million, or 20 cents per share, in the first quarter, compared with a loss of $49.8 million, or $1.29 per share, a year earlier. (Reporting by Shreyasee Raj in Bengaluru; Editing by Maju Samuel)

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