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Peloton Hits a New Milestone—Profits

By Nick Wingfield
· · Source: The Information

In one of the most dramatic business turnaround stories of the pandemic, Peloton turned its first profit as revenue soared. The digital fitness company has seen its sales jump as the coronavirus shuttered gyms around the nation, forcing people to look for ways to stay fit at home. For the three months ended June 30, it swung to net income of $89.1 million, or 27 cents a share, from a loss of...

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