earnings
confidence high
sentiment positive
materiality 0.70
Beachbody Q3 revenue $102.2M (-20% YoY); net loss improves to $12.0M; positive Adj. EBITDA $10.1M
Beachbody Company, Inc.
2024-Q3 EPS reported
-$5.45
revenue$332,422,000
- Revenue $102.2M vs $128.3M prior year; digital subs 1.11M (-19.7% YoY).
- Net loss $12.0M includes $9.2M restructuring costs; prior year loss $32.7M.
- Adjusted EBITDA $10.1M, fourth consecutive positive quarter; vs -$5.8M YoY.
- Announced pivot from MLM to single-level affiliate network on Sep 30, 2024.
- Q4 2024 guidance: revenue $77-87M, Adj. EBITDA $2-6M.