Weight Watchers Q4 rev $163M, net loss $6M; clinical subs up 42%; FY2026 rev guidance $620-635M

WW INTERNATIONAL, INC.

Q4 total revenue $163M (-12% YoY); net loss $6M vs income $25M YoY; adjusted EBITDA $18M (11.1% margin).
End of period subscribers 2.8M (-17%); clinical subs 130K (+42%); clinical sub revenue $27M (+32%).
FY2025 revenue and Adjusted EBITDA exceeded previously provided guidance.
FY2026 guidance: revenue $620-635M, Adjusted EBITDA $105-115M. Q1 subs ~2.65M total, ~200K clinical.
Company cites GLP-1 transformation; 2026 seen as inflection year for sustainable growth.

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