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Peloton down after-hours despite earnings beat

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Peloton reported earnings that topped expectations, posting a 3 cent per share loss and revenue of $1.26 billion vs. an estimated 20 cents per share loss and an estimated $1.12 billion in revenue Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key metrics of Peloton's earnings report.

Video Transcript

SEANA SMITH: Welcome back to our special. We have some breaking news. Peloton is out with its earnings report. Jared Blikre has those numbers for us. Jared.

JARED BLIKRE: That's right, and I'll get to the numbers in a second. Let me just cut to the chase. Management is going to offer full guidance on-- or revised guidance on the conference call at 5:00 PM. So we'll have to bring that to you later. But for now, the revenue for Peloton in the third quarter, that came in at $1.26 billion or up 141% year over year. The estimate was for lower, $1.12 billion. Connected fitness revenue, $1.02 billion. That beat by a nice margin of about 175-- or 125 million.

Subscription revenue, that came in just slightly heavy at $239.4 million. Paid digital subscribers up 404% year over year to 891,000. Estimate was for much lower, 693,990. And then the loss per share came in at $0.03 per share. And here's some additional commentary. Looking ahead, we see significant growth opportunities in a broad range of international markets, but we have no additional launch announcements to make at this time. Peloton rating 2% down in after hours trading.