You can reuse coco with synthetic nutes a few times (make sure to flush old salts and reset the EC with fresh nutes by checking your runout), but peat seems to break down after a grow cycle. It is usually better to start fresh. Most of my experience is with organic nutes. So, the media might break down faster than with salt based, but everytime I try to reuse my media I have trouble. Aside from the breakdown of the media, you also have all of the root mass left over in the soil. Im not saying it is impossible, but It would be very difficult to separate all of the old roots from the media.
I tried to reuse media many times, but was not successful. Intuitively, you would think you could reuse your soil. Nobody replaces the earth every year, but for whatever reason container gardening is different. The longer it is kept around used media seems to behave more and more like humus.
If you want a consistent growing experience start fresh each time.