One of the key challenges Peloton (NASDAQ:PTON) has growing its streaming fitness business is reaching enough subscribers to achieve a profitable scale. This week, the company got some help from Lululemon (NASDAQ:LULU), which is shutting down its Mirror product and will include Peloton in membership subscriptions.
In this video, Travis Hoium covers why this partnership is a win for both companies and could create a blueprint for Peloton in the future.
*Stock prices used were end-of-day prices of Sept. 28, 2023. The video was published on Sept. 29, 2023.
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Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Lululemon Athletica, Netflix, and Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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