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flag Peloton reports first quarterly profit, cuts costs, and pivots to software and AI workouts.

flag Peloton reported its first quarterly profit in years, driven by cost-cutting and increased subscription revenue, despite a decline in hardware sales. flag The company aims to save $100 million by FY26 through layoffs and other measures. flag Peloton plans to focus on software, introduce AI for personalized workouts, and expand its retail presence while cutting jobs and improving member engagement.

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