The Beachbody Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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The Beachbody Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 64.63 million compared to USD 90.52 million a year ago. Revenue was USD 134.95 million compared to USD 179.14 million a year ago. Net loss was USD 25.75 million compared to USD 41.87 million a year ago. Basic loss per share from continuing operations was USD 4 compared to USD 7 a year ago.
For the six months, sales was USD 138.75 million compared to USD 188.18 million a year ago. Revenue was USD 279.85 million compared to USD 378.06 million a year ago. Net loss was USD 54.94 million compared to USD 115.4 million a year ago. Basic loss per share from continuing operations was USD 9 compared to USD 19 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. 
