WW Q3 revenue $214.9M (-14% YoY); subscriber growth 6% to 4.0M; FY guidance narrowed

WW INTERNATIONAL, INC.

2023-Q3 EPS reported -$0.32 revenue$683,594,000

Revenue $214.9M (-14% YoY); subscription revenue $203.5M (-7.8%); product sales down 61%.
Net income $43.7M ($0.54 EPS) vs loss of $206M in prior year; operating income $30.6M.
End-of-period subscribers 4.0M (+6% YoY); Clinical subscribers 45K (+23% QoQ).
FY2023 revenue guidance at low end of $890M-$910M; operating income guided to $31M-$43M.
Record adjusted gross margin 66.2%; company winding down low-margin consumer products.

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 0.4

WW INTERNATIONAL, INC. reported financial results for third quarter of fiscal 2023.

Period: third quarter of fiscal 2023
Result: reported results

Exact text from the filing

On November 2, 2023, WW International, Inc. issued a press release announcing its financial results for its fiscal quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001193125-23-269345

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