Team Beachbody
May 9, 2022
The Beachbody Company said first-quarter 2022 revenue was 198.9 million dollars, down 12 percent from a year earlier. Digital revenue was 81.7 million dollars, down 14 percent, nutrition and other revenue was 97.7 million dollars, down 25 percent, and connected fitness revenue was 19.5 million dollars. Net loss was 73.5 million dollars and adjusted EBITDA was a loss of 19.1 million dollars.
Co-founder, chairman, and chief executive Carl Daikeler said results beat guidance and that One Brand and organizational efficiencies remained on track for significant 2022 cost savings. Second-quarter guidance was revenue of 175 million to 185 million dollars and an adjusted EBITDA loss of 7 million to 12 million dollars. Digital subscriptions were 2.46 million at quarter-end.