secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000950170-23-060260
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000095017023060260/0000950170-23-060260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000095017023060260/body-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060260

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer