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Beachbody Second Quarter Revenue Falls to 110 Million as Net Loss Narrows to Smallest Since Going Public


EL SEGUNDO, Calif., August 6, 2024 --

The Beachbody Company, now operating as BODi, reported second-quarter 2024 revenue of 110.2 million dollars, down from 134.9 million dollars a year earlier. Its net loss narrowed to 10.9 million dollars from 25.7 million dollars, the smallest since the company went public, and adjusted EBITDA was positive for a third straight quarter at 4.9 million dollars.

Total subscriptions fell 25 percent to 1.29 million, including 1.15 million digital and 0.14 million nutrition subscriptions. Digital revenue was 58.8 million dollars, nutrition and other revenue was 50.1 million dollars, and connected fitness revenue fell to 1.3 million dollars.

Co-founder and CEO Carl Daikeler said the company is refocusing on the nutrition market and has cut its revenue break-even point by more than 40 percent, to under 500 million dollars. BODi guided third-quarter revenue of 97 million to 107 million dollars, a net loss of 9 million to 13 million dollars and adjusted EBITDA of 2 million to 6 million dollars.

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