Team Beachbody
March 1, 2022
The Beachbody Company said fourth-quarter 2021 revenue was 216.3 million dollars, down 4 percent from 2020, with a net loss of 146.0 million dollars. Full-year revenue was 873.6 million dollars, up 1 percent, with a net loss of 228.4 million dollars. The company announced a strategic realignment under a One Brand strategy, including a January headcount reduction of about 10 percent, and said it engaged AlixPartners to review technology and operations.
Co-founder, chairman, and chief executive Carl Daikeler said the company aimed to cut cash use from operating activities by about 110 million dollars in 2022 versus 2021 and improve the path to profitability. First-quarter 2022 guidance was revenue of 170 million to 180 million dollars and an adjusted EBITDA loss of 20 million to 25 million dollars. Full-year 2022 revenue and adjusted EBITDA guidance were not provided while the cost review continued.