Team Beachbody
August 8, 2022
The Beachbody Company said second-quarter 2022 revenue was 179.1 million dollars, down 20 percent from a year earlier. The company reported a net loss of 41.9 million dollars and adjusted EBITDA of negative 1.5 million dollars. Digital revenue was about 78.0 million dollars with roughly 2.28 million digital subscriptions, while nutrition and other revenue was about 90.5 million dollars.
Management said cash burn fell nearly 38 million dollars versus the first quarter. Cash ended the quarter at 57.1 million dollars after securing 50 million dollars of debt financing. Third-quarter guidance called for revenue of 150 million to 160 million dollars and an adjusted EBITDA loss of 15 million to 20 million dollars as the company continued its One Brand strategy and cost actions.