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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 percent in morning trading.
The pandemic-era favourite has been pivoting away from equipment such as spin bikes and treadmills and focussing on subscriber growth for its live and on-demand workout videos.
The company saw a slowdown in both equipment sales and…
