The Beachbody Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:35 pm EST
Share
The Beachbody Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 58.98 million compared to USD 90.42 million a year ago. Revenue was USD 128.25 million compared to USD 165.98 million a year ago. Net loss was USD 32.67 million compared to USD 33.86 million a year ago. Basic loss per share from continuing operations was USD 5.5 compared to USD 5.5 a year ago.
For the nine months, sales was USD 197.73 million compared to USD 278.6 million a year ago. Revenue was USD 408.1 million compared to USD 544.03 million a year ago. Net loss was USD 87.6 million compared to USD 149.26 million a year ago. Basic loss per share from continuing operations was USD 14 compared to USD 24.5 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. 
