earnings
confidence high
sentiment neutral
materiality 0.70
BODi Q2 revenue $134.9M (-25% YoY); net loss improved to $25.7M; Q3 guided $120-130M revenue
Beachbody Company, Inc.
2023-Q2 EPS reported
-$0.18
revenue$279,849,000
- Revenue $134.9M vs $179.1M prior year; digital subs 1.53M (-33%).
- Net loss $25.7M improved from $41.9M; adjusted EBITDA $(4.8)M vs $(1.5)M.
- Paid down $15M debt to ~$35M; amended Blue Torch Capital financing.
- Q3 guidance: revenue $120-130M, net loss $(32)-$(27)M, adj EBITDA $(8)-$(3)M.
- Mark Goldston appointed Executive Chairman to lead turnaround efforts.