TickerTain
TickerTain
NewsroomShortsPortfolioConvergence
NewsroomShortsPortfolioConvergence
←
▶ 0:00 · $PTON · Down 97%, Here's What Peloton Should Do Next
episode briefing
Asymmetric Investing

Down 97%, Here's What Peloton Should Do Next

2026-02-17 · 2 company · 0 thematic
sentiment
1 bull1 bear0 neu
speakers
travis hoium

Travis Hoium hosts the Asymmetric Investing podcast/YouTube channel and manages the Asymmetric portfolio. He conducts fundamental research using Fiscal AI and focuses on platform business models, healthcare technology, and consumer subscription businesses. He discloses holding Hims & Hers as one of his largest positions.

quote
“Connected fitness subscriptions, that's the full paid subscriptions like I have. I have a Pelaton bike, so you pay $45 a month or something like that. That number of subscribers decreased 7% from a year ago to 2.66 million. That's telling…”
—travis hoium
now playing · $PTON
$PTON···bearish· hightravis hoium
Peloton down 97%: not sustainable standalone, needs buyer
Peloton's subscriber base is shrinking 7% YoY to 2.66M, revenue declining, gross profit doesn't cover opex, net loss $38.8M; product is good but business model unsustainable witho…
$GRMN···bullish· mediumtravis hoium
Garmin natural buyer for Peloton at $4B with strong synergies
Garmin has $40B market cap, $2.5B cash, growing 12% annually, already moving into subscription services; acquiring Peloton's content and hardware would expand ecosystem to tens of…