Beachbody Q3 revenue $165.9M beats guidance; net loss narrows to $33.9M

Beachbody Company, Inc.

2022-Q3 EPS reported -$0.49 revenue$544,033,000

Revenue $165.9M (down 20% YoY) exceeded mid-point of guidance by 7%.
Adjusted EBITDA loss $6.2M, improved from $43.4M loss in prior year, beating guidance by $11.3M.
Digital subscriptions 2.10M (down 20% YoY, up 24% vs 2019); Nutritional subs 0.24M (down 29%).
Operating expenses cut 32% YoY; free cash flow -$7.7M vs -$147.6M in 2021.
Q4 guidance: revenue $140-150M, Adj EBITDA loss $9-14M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Beachbody Company, Inc. reported the quarter ended September 30, 2022 results: revenue $165.9 million, net income Net loss was $33.9 million.

Period: the quarter ended September 30, 2022
Revenue: $165.9 million
Net income: Net loss was $33.9 million
Result: reported results

Exact text from the filing

apitalizing on our growth opportunities as we drive towards profitability and free cash flow generation.” Third Quarter 2022 Results • Total revenue was $165.9 million, a 20% decrease compared to 2021 and a 15% decrease compared to 2019 • Revenue exceeded the mid-point of guidance by 7% • Digital revenue was $72.2 million, a 23% decrease compared to 2021 • Digital subscriptions were 2.10 million, a 20% decrease compared to 2021 and a 24% increase compared to 2019 • Nutrition and Other revenue was $90.4 million, a 16% decrease compared to 2021 • Nutritional subscriptions were 0.24 million, a 29% decrease compared to 2021 and a 29% decrease to 2019 • Connected Fitness revenue was $3.3 million, a 44% decrease compared to 2021 • Delivered approximately 2,300 bikes in the third quarter • Operating expenses were $140.9 million, a 32% decrease compared to 2021 • Net loss was $33.9 million, comp

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Source: SEC EDGAR

accession 0001193125-22-281203

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