Sleep Cycle: Partnership with MyFitnessPal - Redeye
Redeye comments on the recent announcement of Sleep Cycle's partnership with MyFitnessPal, the leading global food and nutrition tracking app. We view this partnership as a promising opportunity to drive growth in both subscriber numbers and revenue, while also demonstrating the management team's execution capabilities under their new strategy. The partnership is expected to go live in Q4 2024, and we will await initial evaluations before making any adjustments to our estimates or valuation.
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