Q3 2023 revenue $128.3M, down 23% YoY; net loss $32.7M, cash burn improves

Beachbody Company, Inc.

2023-Q3 EPS reported -$0.28 revenue$408,099,000

Total revenue $128.3M vs $166.0M YoY; digital subs down 34% to 1.38M.
Net loss $32.7M vs $33.9M YoY; Adjusted EBITDA $(5.8)M vs $(6.2)M.
Q3 cash used in ops $0.2M (guidance <$5M); nine-month ops+investing $24.3M vs $60.1M YoY.
Q4 2023 guidance: revenue $105-115M, Adjusted EBITDA $(6)-$(1)M.
CEO cites turnaround plan in place; focus on cost reduction and digital platform reinvention.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Beachbody Company, Inc. reported third quarter ended September 30, 2023 results: revenue $128.3 million, net income $(32.7) million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $128.3 million
Net income: $(32.7) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

are more profitable. I would like to thank the BODi team for their extremely hard work, as we continue on our transformation.” Third Quarter 2023 Results • Total revenue was $128.3 million compared to $166.0 million in the prior year period. o Digital revenue was $64.3 million compared to $72.2 million in the prior year period and digital subscriptions totaled 1.38

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Beachbody Company, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-060260

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