Team Beachbody
May 14, 2025
EL SEGUNDO, Calif., May 14, 2025 --
The Beachbody Company reported first-quarter 2025 revenue of 72.4 million dollars, down from 120.0 million dollars a year earlier, including digital revenue of 42.9 million dollars, nutrition revenue of 28.7 million dollars and connected fitness revenue of 0.8 million dollars. The net loss narrowed to 5.7 million dollars from 14.2 million dollars, and adjusted EBITDA was 3.7 million dollars, the company's sixth consecutive quarter of positive adjusted EBITDA. Gross margin improved 350 basis points to 71 percent.
Digital subscriptions totaled 1.02 million and total subscriptions fell 20 percent to 1.10 million.
The company entered into a new three-year, 35 million dollar loan facility with Tiger Finance, including a 10 million dollar accordion, and borrowed 25 million dollars on May 13 to repay early the remaining 17.3 million dollars of its Blue Torch term loan. For the second quarter it guided to revenue of 51 million to 61 million dollars, a net loss of 3 million to 7 million dollars and adjusted EBITDA of zero to 4 million dollars. Chief Executive Carl Daikeler called 2025 a transition year as the company moves away from its former multi-level marketing model.