WW Q1 2024: Revenue $206.5M, op loss $269.3M on $258M impairment; subscriber flat 4.0M

WW INTERNATIONAL, INC.

2024-Q1 EPS reported -$4.39 revenue$206,548,000

Revenue $206.5M (-14.6% YoY); subscription revenue $204.1M (-3.3%); other revenue $2.5M (-92%).
Operating loss $269.3M from $258M non-cash intangible impairment; adjusted operating loss $5.6M.
Net loss $347.9M ($4.39 EPS) vs $118.7M ($1.68) prior year.
End period subscribers 4.0M flat YoY; clinical subscribers 91K (from zero).
FY2024 guidance: total subscribers 3.8-4.0M, clinical 140-160K; revenue guidance maintained.

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

WW INTERNATIONAL, INC. reported first quarter of fiscal 2024 results: revenue $206.5 million. Guidance reaffirmed.

Period: first quarter of fiscal 2024
Revenue: $206.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

WW International, Inc. Announces First Quarter 2024 Results • End of Period Subscribers of 4.0 million, including 91 thousand End of Period Clinical Subscribers • Revenues of $206.5 million • Gross margin of 66.7%; excluding the net impact of restructuring charges related to prior year restructuring plans, adjusted gross margin of 67.9% • Operating Loss of $269.3

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Source: SEC EDGAR

accession 0001193125-24-129351

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