Net income was $69.3 million against a loss of $49.8 million for the three months ended Sep. as sales increased 232% to $757.9 million against $160.8 million with connected fitness revenue up 274% to $601.4 million and subscription revenue of $156.5 million, up 133%. Adjusted net, which excludes depreciation, amortization and shareholder costs, was $118.9 million against a loss of $21 million. Based on continued strong demand and a successful launch to its Bike+, PTON said it would see revenue of $3.9 billion or more in the FY with adjusted EBITDA of $300 million.

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