Peloton posted its second consecutive profitable quarter, with net income of $13.9 million in Q1. It raised its full-year adjusted EBITDA outlook to $425-475 million. Shares surged 11% in extended trading. However, the company initiated another recall, costing $13.5 million, due to seat post issues. Peloton aims for growth with revamped product assortment.

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1. The US economy grew at a slower pace than expected in the second quarter, with GDP increasing by 6.5% annualized rate, falling short of the 8.5% projection. Consumer spending also slowed down due to rising inflation and supply chain disruptions.

2. Amazon reported a record-breaking revenue of $113.1 billion in the second quarter, exceeding expectations and marking a 27% increase year-over-year. The e-commerce giant also announced a stock split, with shares surging by 5% in after-hours trading.

3. Facebook’s parent company Meta Platforms saw its stock plummet by 20% after reporting disappointing earnings for the second quarter. The social media giant missed revenue estimates and warned of slowing growth due to privacy changes and increased competition.

4. The Federal Reserve announced plans to start reducing its monthly bond purchases later this year, signaling a possible tapering of its monetary stimulus. The central bank cited strong economic growth and rising inflation as reasons for the upcoming policy shift.: Peloton (PTON) earnings Q1 2026