The show, which Cyrus was inspired to start due to the mass amount of individuals practicing social distancing and self-quarantining amid the coronavirus pandemic, aims to connect with "special guests discussing how to stay LIT in dark times!"
Lovato was one of the show's first guests, and the former Disney Channel stars dished about their friendship and what exactly drew them to each other as teens.
"We connected then because we saw something in each other. Maybe it was spirituality or maybe it was just our hearts, I don't know..." Lovato explained.
Cyrus shouted in, "Maybe we were just gay as f---!"
The 27-year-old actresses also talked about body image and how they each had their fair share of dealing with the harsh criticism and scrutiny that comes with being in the entertainment industry and the limelight in general.
Cyrus recalled that she was having a hard time after performing at the 2013 MTV Video Music Awards. She described herself as "so skinny and so pasty" and stopped wearing shorts for a while.
Lovato's story wasn't all that different.
"I remember when I was 12, my body started changing, and I didn’t have anyone in Hollywood to look up to at the time who had a normal body," she revealed, adding that she vowed to be the role model she lacked when she got older.
"I talked about my struggles with food and stuff and I’m glad I did because," Lovato continued, "maybe it’s helped young people learn to accept their bodies when they start to change."
"Bright Minded" airs weekdays at 11:30 a.m. PT (2:30 p.m. ET) on Cyrus' Instagram page.