secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000950170-24-029283
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024029283/0000950170-24-029283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024029283/body-20240311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-029283

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