Beachbody Q4 revenue $119M, net loss $65M; guides Q1 2024 positive free cash flow

Beachbody Company, Inc.

Q4 total revenue $119.0M, down 19.7% YoY; digital subs 1.31M (-33%) and nutrition subs 0.16M (-25%).
Q4 net loss $65.0M includes $43.1M goodwill impairment; Adjusted EBITDA $2.8M vs $3.5M prior year.
FY 2023 revenue $527.1M (-23.9% YoY); net loss $152.6M; Adjusted EBITDA $(8.7)M, improved from $(23.3)M.
Q1 2024 outlook: revenue $113-121M, net loss $(15)-$(10)M, Adjusted EBITDA $0-$5M.
Management expects positive cash from operations and free cash flow in Q1 2024 due to cost cuts.

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 0.9

Beachbody Company, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 11, 2024, the Company announced its financial results for the quarter and year ended December 31, 2023.

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Beachbody Company, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-029283

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