The third-quarter fiscal results for Peloton beat expectations thanks to an increase in subscription prices, though the number of subscribers has fallen.
CNBC reported Peloton also had higher equipment sales than expected.
In premarket trading, shares of Peloton soared 13%, and net income for the quarter was $26.4 million. Sales were also up from the same period a year before at $630.9 million versus $624 million.
And while earnings for subscriptions did beat estimates, the overall number of subscribers fell.
