Peloton Shares Surge on Spotify Partnership, Q3 Profit Turnaround

Peloton's stock soared 11% after announcing a partnership with Spotify to host workouts on its platform. This news, combined with the company's Q3 profit turnaround and raised financial guidance, contributed to the significant share increase.

8 May, 00:25 — 8 May, 00:25

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billboardMostly Factual100d ago

The Deals: Spotify to Host Workouts on-Platform With Peloton Pact; ElevenLab Names New Series D Investors

Also: Primary Wave and Times Music buy Punjabi label Catrack, and The Orchard acquires Brazilian Christian music label OniMusic.

By Chris Eggertsen

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Coverage Timeline

First report: Yahoo · 7 May, 13:00|Full coverage: 2 · 11h|Window: 11h

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Yahoo7 May, 13:00First to report

Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership

11h later

billboard8 May, 00:25Latest update

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Peloton Shares Surge on Spotify Partnership, Q3 Profit Turnaround

Sources

The Deals: Spotify to Host Workouts on-Platform With Peloton Pact; ElevenLab Names New Series D Investors

Coverage Timeline

Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership

The Deals: Spotify to Host Workouts on-Platform With Peloton Pact; ElevenLab Names New Series D Investors

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