This Is Peloton's Netflix Moment

By Travis Hoium – Sep 3, 2023 at 7:45AM

NASDAQ: PTON

Peloton Interactive

Market Cap

$1B

Today's Change

(-0.13%) -$0.01

Current Price

$3.92

Price as of May 20, 2024, 2:58 p.m. ET

Netflix paved the way for Peloton's shift to being a streaming company.

Peloton (PTON -0.13%) 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 3.29%) 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.

Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends 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.