One of the key challenges Peloton (PTON 4.29%) has growing its streaming fitness business is reaching enough subscribers to achieve a profitable scale. This week, the company got some help from Lululemon (LULU 1.31%), 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.
