The Beachbody Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 04:24 pm EST
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The Beachbody Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 90.42 million compared to USD 108.05 million a year ago. Revenue was USD 165.98 million compared to USD 208.05 million a year ago. Net loss was USD 33.86 million compared to USD 39.92 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.13 a year ago.
For the nine months, sales was USD 278.6 million compared to USD 367.9 million a year ago. Revenue was USD 544.03 million compared to USD 657.38 million a year ago. Net loss was USD 149.26 million compared to USD 82.42 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.31 a year ago.
The Beachbody Company, Inc. is a subscription health and wellness company. The Company's products include digital subscriptions, nutritional products and connected fitness products. Its digital subscriptions include BOD and a live interactive premium subscription, BODi. The Company's digital platforms provide a one-stop-shop for all types of fitness and nutrition content, with brands such as P90X, Insanity, 21 Day Fix, 80 Day Obsession, LIIFT4, Unstress Meditations, Portion Fix, 4 Weeks of Focus, Sure Thing, and others. The Company's nutrition-first programs, Portion Fix and 2B Mindset, teach healthy eating habits and promote healthy, sustainable weight loss. Its offerings deliver both fitness and nutritional content, and personal development mindset content. Its nutritional products include Shakeology, Beachbody Performance supplements, BEACHBARs and Bevvy supplements and others. Its digital subscription offerings are complemented by its connected fitness products acquired from Myx.
THE BEACHBODY COMPANY, INC. 
