The Beachbody Company, Inc. Reports Impairment of Goodwill and Intangible Assets for the Fourth Quarter Ended December 31, 2023
March 11, 2024 at 04:05 pm EDT
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The Beachbody Company, Inc. reported impairment of goodwill and intangible assets for the fourth quarter ended December 31, 2023. For the quarter, the company reported $43.1 million impairment of goodwill and intangible assets, compared to $18.9 million impairment of intangible assets reported 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. 
