Peloton (PTON -3.25%) is known as a bike company, but the business is a lot more than that today. Streaming is the company's future, and in this video, Travis Hoium shows why Netflix (NFLX 0.98%) paved the way for Peloton's shift.

*Stock prices used were end-of-day prices of Aug. 28, 2023. The video was published on Aug. 30, 2023.