Spotify’s Peloton Deal Turns SPOT Stock’s Earnings Week Into a Fitness Test
Spotify launched a fitness category with over 1,400 Peloton classes for Premium users in supported markets, expanding beyond audio. The announcement came ahead of Spotify’s Q1 earnings, due April 28. Spotify shares fell $21.59 to $496.41 late Monday, while Peloton rose to $5.29. Both companies said the deal broadens their reach and content offerings.