Peloton shares jumped on Tuesday, following reports of the company having garnered more than 1 million subscribers.
In a regulatory filing with the Securities and Exchange Commission, the interactive bike-and-exercise-services company said it had crossed the 1 million mark in connected fitness subscribers.
At the end of its fiscal third quarter in March, Peloton reported 886,100 subscribers in the connected fitness category.
Peloton said it would not be updating its projection for the fourth quarter and for full-year 2020. The company previously boosted its outlook for fiscal 2020 to a total of 1.04 to 1.05 million subscribers.