Beachbody (BODi) reports Q1 revenue $120M, positive free cash flow $7.4M, first since 2020

Beachbody Company, Inc.

2024-Q1 EPS reported -$2.10 revenue$120,046,000

Revenue $120.0M (down 17.2% YoY) beat midpoint of guidance; net loss improved to $14.2M from $29.2M.
Adjusted EBITDA $4.6M vs. $(0.9M) a year ago; operating cash flow $9.1M vs. $(7.9M) prior year.
Free cash flow positive $7.4M, first positive quarter since 2020; net cash position rose to $14.4M from $3.9M.
Digital subscriptions 1.22M (-30.4% YoY); Nutrition & Other revenue $55.5M (-25.1% YoY).
Q2 2024 guidance: revenue $103-113M, adjusted EBITDA $(3)-$3M.

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 the quarter ended March 31, 2024 results: revenue $120.0 million, net income $14.2 million. Guidance initiated.

Period: the quarter ended March 31, 2024
Revenue: $120.0 million
Net income: $14.2 million
Guidance: initiated
Result: reported results

Exact text from the filing

• Total revenue was $120.0 million compared to $144.9 million in the prior year period. o Digital revenue was $61.5 million compared to $64.8 million in the prior year period and digital subscriptions totaled 1.22 million in the first quarter. o Nutrition and Other revenue was $55.5 million compared to $74.1 million in the prior year period and nutritional subscriptions totaled 0.15 million in the first quarter. o Connected Fitness revenue was $3.0 million compared to $6.0 million in the prior year period and approximately 3,500 bikes were delivered in the first quarter. • Total operating expenses were $92.1 million compared to $118.8 million in the prior year period. • Operating loss improved by $16.6 million to $10.8 million compared to an operating loss of $27.4 million in the prior year period. • Net loss was $14.2 million compared to a net loss of $29.2 million in the prior year period.

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Source: SEC EDGAR

accession 0000950170-24-053561

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