Successfully Completed Three-Way Merger on
June 25, 2021
Strong $347.2 Million Cash Position with No
Debt
Strong Two-Year Growth in Revenue +21%,
Subscriptions +55%, Total Streams +75%, and Engagement
+330BPS
Poised to Accelerate Future Growth with an
Additional 30% Increase in Bike Units, Launch of BOD Interactive,
and Increased Media Investment in the Second Half of 2021
The Beachbody Company, Inc. (NYSE: BODY) (“Beachbody” or the
“Company”), a leading subscription health and wellness company,
today announced financial results for its second quarter and six
months ended June 30, 2021.
Beachbody completed a three-way business combination with Myx
Fitness Holdings (“Myx”) and Forest Road Acquisition Corp. on June
25, 2021. Results for the second quarter and six months ended June
30, 2021 include five days of results for Myx.
“Over the last two decades, Beachbody has established itself as
a worldwide leader in subscription health & wellness through
the development of compelling digital fitness content and
proprietary nutritional products that deliver results for millions
of customers,” said Carl Daikeler, Beachbody’s Co-founder, Chairman
and Chief Executive Office. “Completing our merger, adding
connected fitness to the Beachbody portfolio, and bringing
Beachbody to the public market has now set the stage for a
multi-year period of accelerated growth,” he added. “The addition
of Myx enhances our holistic approach to health & wellness and
provides us with tremendous opportunity to serve our customers with
the enhancements they have been asking for, specifically a high
quality connected indoor bike and live content produced with the
same innovation that has been Beachbody’s signature since the days
of P90X. Looking ahead, we believe the business is poised to
benefit from several drivers, including our first ever Beachbody
brand advertising campaign, the launch of our new live interactive
content subscription offering BOD Interactive (BODi), and the
sell-in of the MYX bike to our customer base and powerful network
of coaches and influencers.”
“We continued to execute to our proven business model during the
second quarter, introducing new digital content and nutritional
products that have been well received by our subscribers,” said Sue
Collyns, Beachbody’s President and Chief Financial Officer.
“However, the delay in closing our business combination resulted in
us deferring $12 million of media investments and postponing the
launch of the MYX bike within our coach ecosystem until the second
half of the year,” she added. “Moving forward, we are well
positioned to execute on our strategic objectives with over $347
million of cash on our balance sheet, a decision to ramp up
connected fitness unit projections, and increase media investment
by an incremental $33 million in the second half of 2021 compared
to previous forecasts.”
“The digital disruption of fitness is here, unlocking and
expanding the total addressable market. Beachbody is uniquely
positioned at the forefront of three mega trends driving this
shift—the rise of digital streaming subscriptions, the popularity
of connected fitness and the heightened demand for effective health
& wellness solutions,” stated Daikeler. “Beachbody has a proven
approach, with entry points across multiple platforms and our long
history of successfully acquiring, engaging and retaining
subscribers. While we remain keenly aware that the near-term COVID
variant and macro conditions present heightened uncertainty as we
head into the second half of the year, I remain very upbeat on our
long-term prospects and confident in our ability to scale the
business and create significant shareholder value as conditions
begin to normalize.”
Due to the impact of COVID-19 on second quarter 2020 results,
the Company is also providing comparisons to the second quarter of
2019.
Second Quarter 2021 GAAP Results
- Total Revenue was $223.1 million, a 2% increase compared to
2020 and a 21% increase compared to 2019
- Digital revenue was $94.3 million, a 20% increase compared to
2020 and a 61% increase compared to 2019
- Digital subscriptions were 2.7 million at period end, a 13%
increase compared to 2020 and a 61% increase compared to 2019
- 31.9% DAU/MAU, a 130-basis point decrease compared to 2020, and
a 330 basis points increase compared to 2019
- 44.5 million total streams, a 20% decrease compared to 2020,
and a 75% increase compared to 2019
- 94.9% month-over-month digital retention, 140-basis point
decrease compared to 2020 and 30-basis point decrease compared to
2019
- Nutrition and other revenue was $128.8 million, an 8% decrease
compared to 2020 and a 3% increase compared to 2019
- Nutritional subscriptions were 0.4 million, compared to 0.5
million in 2020 and 0.3 million in 2019
- Net loss was $12.4 million, compared to a net loss of $10.0
million in 2020 and net income of $19.6 million in 2019
- Adjusted EBITDA was ($4.4) million, compared to $0.9 million in
2020 and $17.7 million in 2019
Six Months 2021 GAAP Results
- Total Revenue was $449.3 million, a 16% increase compared to
2020 and a 14% increase compared to 2019
- Digital revenue was $189.5 million, a 34% increase compared to
2020 and a 52% increase compared to 2019
- Digital subscriptions were 2.7 million at period end, a 13%
increase compared to 2020 and a 61% increase compared to 2019
- 33.5% DAU/MAU, a 190-basis point increase compared to 2020, and
a 440 basis points increase compared to 2019
- 100.4 million total streams, a 13% increase compared to 2020,
and a 93% increase compared to 2019
- 95.4% month-over-month digital retention, 20-basis point
decrease compared to 2020 and 30-basis point increase compared to
2019
- Nutrition and other revenue was $259.9 million, a 5% increase
compared to 2020 and a 4% decrease compared to 2019
- Nutritional subscriptions were 0.4 million, compared to 0.5
million in 2020 and 0.3 million in 2019
- Net loss was $42.5 million, compared to a net loss of $18.3
million in 2020 and net income of $27.1 million in 2019
- Adjusted EBITDA was ($16.1) million, compared to $3.6 million
in 2020 and $39.7 million in 2019
Financial Performance Guidance for 2021 2
The merger between Beachbody, Forest Road Acquisition Corp., and
Myx Fitness Holdings, LLC on June 25, 2021 occurred one quarter
after the forecasted date and resulted in deferring $12.0 million
of media investments to the second half of the year. With the
merger complete, we now plan to integrate the content of both
digital platforms onto the bike in September 2021. In addition,
given our strong cash position of $347.2 million, we also plan to
increase our media investment in the second half of 2021 compared
to previous forecasts by $33.0 million, for a total of $189.0
million in 2021. Additionally, we are increasing our estimated
connected fitness bike forecasts by approximately 30% to 95,000
units. While we expect these initiatives to drive long-term value,
they are projected to negatively impact Adjusted EBITDA in the
second half of 2021 as they are not forecasted to generate a
meaningful in-year payback. Given the many consumer and supply
chain variables created by the pandemic, we feel it is prudent to
present a more conservative view with respect to our outlook for
the remainder of the year. Accordingly, for the fiscal year ending
December 31, 2021 the Company currently expects:
- Total revenue1 between $930.0 million and $960.0 million
- Adjusted EBITDA1 between ($110.0) million and ($100.0)
million
1
Total revenue and Adjusted EBITDA projects
the post-merger consolidated revenue and Adjusted EBITDA ranges
(with only six months and five days of Myx results in 2021 from
6/26/2021-12/31/2021).
2
Net loss guidance is not reasonably
available due to changes in stock compensation, taxes and other
matters that we cannot forecast at this time.
Conference Call and Webcast Information
Beachbody will host a conference call at 5.00pm ET on Thursday,
August 12, 2021 to discuss its financial results. To participate in
the live call, please dial (833) 989-3106 (domestic) or (873)
415-0233 (international) and provide the conference identification
number: 1094283. The conference call will also be available to
interested parties through a live webcast at
https://investors.thebeachbodycompany.com/.
A replay of the call will be available until August 19, 2021, by
dialing (800) 585-8367 (domestic) or (416) 621-4642 (international)
and entering the conference identification number: 1094283.
After the conference call, a webcast replay will remain
available on the investor relations section of the Company’s
website for one year.
About The Beachbody Company, Inc.
Headquartered in Southern California, Beachbody is a worldwide
leading digital fitness and nutrition subscription company with
over two decades of creating innovative content and powerful
brands. The Beachbody Company is the parent company of the
Beachbody On Demand streaming platform (BOD), the Openfit live
digital streaming platform and MYXfitness, the company’s connected
fitness brand. For more information, please visit
TheBeachbodyCompany.com.
Safe Harbor Statement
This press release contains “forward-looking” statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which are statements other than statements of historical
facts and statements in future tense. These statements include but
are not limited to, statements regarding our future performance and
our market opportunity, including expected financial results for
the full year, the potential impact of COVID-19 on the fitness and
wellness industry in general as well as our business, our business
strategy, our plans and our objectives and future operations.
Forward-looking statements are based upon various estimates and
assumptions, as well as information known to us as of the date
hereof, and are subject to risks and uncertainties. Accordingly,
actual results could differ materially due to a variety of factors,
including: our ability to effectively compete in the fitness and
nutrition industries; our ability to successfully acquire and
integrate new operations; our reliance on a few key products;
market conditions and global and economic factors beyond our
control; intense competition and competitive pressures from other
companies worldwide in the industries in which we operate; and
litigation and the ability to adequately protect our intellectual
property rights. You can identify these statements by the use of
terminology such as “believe”, “plans”, “expect”, “will”, “should,”
“could”, “estimate”, “anticipate” or similar forward-looking terms.
You should not rely on these forward-looking statements as they
involve risks and uncertainties that may cause actual results to
vary materially from the forward-looking statements. For more
information regarding the risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in these forward-looking statements, as well as risks relating to
our business in general, we refer you to the “Risk Factors” section
of our Securities and Exchange Commission (SEC) filings, including
those risks and uncertainties included in the Amendment No. 5 to
Form S-4 Registration Statement filed with the SEC on May 27, 2021,
which are available on the Investor Relations page of our website
at https://investors.thebeachbodycompany.com and on the SEC website
at www.sec.gov.
All forward-looking statements contained herein are based on
information available to us as of the date hereof and you should
not rely upon forward- looking statements as predictions of future
events. The events and circumstances reflected in the
forward-looking statements may not be achieved or occur. Although
we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
performance, or achievements. We undertake no obligation to update
any of these forward-looking statements for any reason after the
date of this press release or to conform these statements to actual
results or revised expectations, except as required by law. Undue
reliance should not be placed on forward-looking statements.
The Beachbody Company, Inc. Condensed Consolidated
Balance Sheets
Unaudited (in thousands)
As of June 30, As of December 31,
2021
2020
Assets Current assets: Cash and cash equivalents
$
347,229
$
56,827
Accounts receivable, net
3,165
855
Inventory, net
74,238
65,354
Prepaid expenses
10,438
8,650
Other current assets
46,286
37,364
Total current assets
481,356
169,050
Property and equipment, net
94,439
80,169
Content assets, net
30,955
19,437
Intangible assets, net
95,917
21,120
Goodwill
176,903
18,981
Right-of-use assets, net
29,366
33,272
Other assets
7,026
14,224
Total assets
$
915,962
$
356,253
Liabilities and Stockholders' Equity Current liabilities:
Accounts payable
$
50,648
$
28,981
Accrued expenses
87,440
79,955
Deferred revenue
116,590
97,504
Current portion of lease liabilities
9,976
10,371
Other current liabilities
2,352
3,106
Total current liabilities
267,006
219,917
Long-term lease liabilities, net
26,466
31,252
Deferred tax liabilities
7,977
3,729
Warrant liabilities
50,173
-
Other liabilities
5,887
2,097
Total liabilities
357,509
256,995
Commitments and contingencies (Note 14) Stockholders'
equity: Preferred stock, $0.0001 par value; 100,000,000 shares
authorized, none issued and outstanding as of June 30, 2021 and
December 31, 2020
-
-
Common stock, $0.0001 par value, 1,900,000,000 shares authorized
(1,600,000,000 Class A, 200,000,000 Class X and 100,000,000 Class
C); 166,925,632 and 101,762,614 Class A shares issued and
outstanding at June 30, 2021 and December 31, 2020, respectively;
141,250,310 Class X shares issued and outstanding at June 30, 2021
and December 31, 2020, respectively and no Class C shares issued
and outstanding at June 30, 2021 and December 31, 2020.
31
24
Additional paid-in capital
597,598
96,097
Accumulated other comprehensive loss
(17
)
(202
)
Retained earnings (accumulated deficit)
(39,159
)
3,339
Total stockholders’ equity
558,453
99,258
Total liabilities and stockholders' equity
$
915,962
$
356,253
The Beachbody Company, Inc.
Condensed Consolidated Statements of
Operations and Comprehensive Loss
Unaudited (in thousands, except per
share data)
Three Months Ended June 30, Six Months Ended June
30,
2021
2020
2021
2020
Revenue: Digital
$
94,325
$
78,357
$
189,475
$
140,882
Nutrition and other
128,783
140,127
259,852
246,938
Total revenue
223,108
218,484
449,327
387,820
Cost of revenue: Digital
11,612
9,292
22,734
17,664
Nutrition and other
57,158
50,097
114,153
90,572
Total cost of revenue
68,770
59,389
136,887
108,236
Gross profit
154,338
159,095
312,440
279,584
Operating expenses: Selling and marketing
140,194
134,666
284,890
228,892
Enterprise technology and development
26,949
22,373
54,038
43,706
General and administrative
17,231
14,522
35,177
29,706
Total operating expenses
184,374
171,561
374,105
302,304
Operating loss
(30,036
)
(12,466
)
(61,665
)
(22,720
)
Other income (expense) Change in fair value of warrant liabilities
5,390
-
5,390
-
Interest expense
(305
)
(248
)
(428
)
(343
)
Other income, net
1,654
34
2,953
442
Loss before income taxes
(23,297
)
(12,680
)
(53,750
)
(22,621
)
Income tax benefit
10,857
2,677
11,252
4,290
Net loss
$
(12,440
)
$
(10,003
)
$
(42,498
)
$
(18,331
)
Net loss per common share, basic
$
(0.05
)
$
(0.04
)
$
(0.17
)
$
(0.08
)
Net loss per common share, diluted
$
(0.05
)
$
(0.04
)
$
(0.17
)
$
(0.08
)
Weighted-average common shares outstanding, basic
247,062
238,143
245,049
238,143
Weighted-average common shares outstanding, diluted
247,062
238,143
245,049
238,143
Three Months Ended June 30, Six Months Ended June 30,
2021
2020
2021
2020
Net loss
$
(12,440
)
$
(10,003
)
$
(42,498
)
$
(18,331
)
Other comprehensive income: Change in fair value of derivative
financial instruments, net of tax
(99
)
(217
)
(208
)
193
Reclassification of losses on derivative financial instruments
-
-
-
-
included in net loss
172
(73
)
339
(47
)
Foreign currency translation adjustment
12
49
54
(327
)
Total other comprehensive income (loss)
85
(241
)
185
(181
)
Total comprehensive loss
$
(12,355
)
$
(10,244
)
$
(42,313
)
$
(18,512
)
The Beachbody Company, Inc.
Condensed Consolidated Statements of
Cash Flows
Unaudited (in thousands)
Six Months Ended June 30,
2021
2020
Cash flows from operating activities: Net loss
$
(42,498
)
$
(18,331
)
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities: Depreciation and amortization expense
25,941
20,678
Amortization of content assets
6,119
3,196
Provision for excess and obsolete inventory
2,791
(76
)
Allowance for doubtful accounts
-
32
Change in fair value of derivative financial instruments
169
199
Gain on investment in convertible instrument
(3,114
)
-
Change in fair value of warrant liabilities
(5,390
)
-
Equity-based compensation
5,095
1,908
Deferred income taxes
(11,349
)
(3,973
)
Changes in operating assets and liabilities: Accounts receivable
(2,007
)
(2,184
)
Inventory
(194
)
(2,477
)
Content assets
(14,237
)
(6,399
)
Prepaid expenses
(1,789
)
6,502
Other assets
(5,604
)
(5,487
)
Accounts payable
6,656
(1,013
)
Accrued expenses
(461
)
17,831
Deferred revenue
16,547
40,502
Other liabilities
(2,162
)
(6,862
)
Net cash provided by (used in) operating activities
(25,487
)
44,046
Cash flows from investing activities: Purchase of property
and equipment
(27,200
)
(18,756
)
Investment in convertible instrument
(5,000
)
-
Equity investment
(5,000
)
-
Cash paid for acquisition of Myx, net of cash acquired
(37,280
)
-
Net cash used in investing activities
(74,480
)
(18,756
)
Cash flows from financing activities: Borrowings under
Credit Facility
42,000
32,000
Repayments under Credit Facility
(42,000
)
(32,000
)
Business Combination, net of issuance costs paid
389,775
-
Net cash provided by financing activities
389,775
-
Effect of exchange rates on cash
594
(638
)
Net increase in cash and cash equivalents
290,402
24,652
Cash and cash equivalents, beginning of period
56,827
41,564
Cash and cash equivalents, end of period
$
347,229
$
66,216
Supplemental disclosure of cash flow information: Cash paid
during the year for interest
$
283
$
69
Cash paid during the year for income taxes, net
$
198
$
114
Supplemental disclosure of noncash investing activities:
Property and equipment acquired but not yet paid for
$
15,322
$
3,103
Class A common shares issued in connection with the acquisition of
Myx
$
162,558
$
-
Fair value of Myx instrument and promissory note held by Old
Beachbody
$
22,618
Supplemental disclosure of noncash financing activities:
Business Combination transaction costs, accrued by not paid
$
650
$
-
Net assets assumed from Forest Road in the Business Combination
$
293
$
-
The Beachbody Company, Inc.
Adjusted EBITDA
In addition to our results determined in accordance with
accounting principles generally accepted in the United States, or
GAAP, we believe the following non-GAAP financial measure of
Adjusted EBITDA is useful in evaluating our operating
performance.
We define and calculate Adjusted EBITDA as net income (loss)
adjusted for depreciation and amortization, amortization of
capitalized cloud computing implementation costs, amortization of
content assets, interest expense, income taxes, equity-based
compensation, and other items that are not normal, recurring,
operating expenses necessary to operate the Company’s business.
The presentation of this non-GAAP financial measure is not
intended to be considered in isolation or as a substitute for, or
superior to, financial information prepared and presented in
accordance with GAAP. Investors are encouraged to review the
reconciliation of this non-GAAP financial measure to their most
directly comparable GAAP financial measure. A reconciliation of the
non-GAAP Adjusted EBITDA to GAAP measures can be found below:
(in thousands)
Three Months Ended June 30, Six Months
Ended June 30,
2021
2020
2021
2020
Net loss
$
(12,440
)
$
(10,003
)
$
(42,498
)
$
(18,331
)
Adjusted for: Depreciation and amortization
12,215
10,534
25,941
20,678
Amortization of capitalized cloud computing implementation costs
168
-
336
-
Amortization of content assets
3,302
1,715
6,119
3,196
Interest expense
305
248
428
343
Income tax benefit
(10,857
)
(2,677
)
(11,252
)
(4,290
)
Equity- based compensation
2,522
1,013
5,095
1,908
Transaction costs
1,509
-
2,142
-
Other adjustment items (1)
6,038
-
6,038
-
Non-operating costs (2)
(7,147
)
60
(8,478
)
54
Adjusted EBITDA
$
(4,385
)
$
890
$
(16,129
)
$
3,558
(1)
Other adjustment items includes
incremental costs associated with Covid-19.
(2)
Non-operating primarily includes
the change in fair value of warrant liabilities, interest income
and gain on investment in the Myx convertible instrument.
Key Operating Metrics and Non-GAAP Financial Measures
In addition to the measures presented in our interim condensed
consolidated financial statements, we are presenting Post Merger
Operating Metrics for the three and six months ended June 30, 2021
and June 30, 2020.
The Post Merger Operating Metrics include the completed
three-way business combination with Myx and Forest Road Acquisition
Corp. on June 25, 2021 with results for the second quarter and six
months ended June 30, 2021, including five days of results for
Myx.
We are presenting this information to help readers understand
the key operational and business metrics and non-GAAP financial
measures in those respective periods.
Key Operational and Business
Metrics Post Merger
Post Merger Beachbody For the
Three Months Ended June 30, For
the Six Months Ended June 30,
2021
2020
Change v 2020
2019
Change v 2019
2021
2020
Change v 2020
2019
Change v 2019
Digital Subscriptions (in millions)
2.7
2.4
11%
1.7
59%
2.7
2.4
11%
1.7
59%
Nutrition Subscriptions (in millions)
0.4
0.5
-12%
0.3
23%
0.4
0.5
-12%
0.3
23%
Total Subscriptions
3.1
2.9
7%
2.0
53%
3.1
2.9
7%
2.0
53%
Average Digital Retention
94.9%
96.3%
(140bps)
95.2%
(30bps)
95.4%
95.6%
(20bps)
95.1%
30bps
Total Streams (in millions)
44.4
55.5
-20%
25.5
74%
100.4
88.7
13%
52.0
93%
DAU/MAU
31.9%
33.2%
(120bps)
28.6%
330bps
33.5%
31.6%
200bps
29.1%
440bps
Connected Fitness
--
--
--
--
--
--
--
--
--
--
Digital Revenue
$94.2
$78.4
20%
$58.8
60%
$189.4
$140.9
34%
$124.8
52%
Nutrition & Other Revenue
$128.8
$140.1
-8%
$124.9
3%
$259.9
$246.9
5%
$269.9
-4%
Revenue (millions)
$223.0
$218.5
2%
$183.7
21%
$449.3
$387.8
16%
$394.7
14%
Net Income/(Loss) (millions)
($12.1)
($10.0)
-21%
$19.6
-162%
($42.2)
($18.3)
-130%
$27.1
-256%
EBITDA (millions)
($4.1)
$0.9
-557%
$17.7
-123%
($15.8)
$3.6
-544%
$39.7
-140%
Post Merger (includes 5 Days
After Merger Date from 6/26-6/30) Post Merger (includes 5 Days After Merger Date from
6/26-6/30) Myx
Fitness For the Three Months
Ended June 30, For the Six
Months Ended June 30,
2021
2020
Change v 2020
2019
Change v 2019
2021
2020
Change v 2020
2019
Change v 2019
Connected Fitness Units Sold (in thousands)
0.5
--
--
--
--
0.5
--
--
--
--
Digital Subscriptions (in thousands)
41.6
--
--
--
--
41.6
--
--
--
--
Nutrition Subscriptions (in millions)
--
--
--
--
--
--
--
--
--
--
Total Subscriptions (in thousands)
41.6
--
--
--
--
41.6
--
--
--
--
Average Digital Retention
95.0%
--
--
--
--
95.0%
--
--
--
--
Total Streams (in millions)
0.04
--
--
--
--
0.04
--
--
--
--
DAU/MAU
23.4%
--
--
--
--
23.4%
--
--
--
--
Connected Fitness
$0.011
--
--
--
--
$0.011
--
--
--
--
Digital Revenue
$0.077
--
--
--
--
$0.077
--
--
--
--
Nutrition & Other Revenue
--
--
--
--
--
--
--
--
--
--
Revenue (millions)
$0.1
--
--
--
--
$0.1
--
--
--
--
Net Income/(Loss) (millions)
($0.3)
--
--
--
--
($0.3)
--
--
--
--
EBITDA (millions)
($0.3)
--
--
--
--
($0.3)
--
--
--
--
Post Merger (Includes 5 Days
of Myx Results from 6/26-6/30) Post Merger (Includes 5 Days of Myx Results from
6/26-6/30) Consolidated For the
Three Months Ended June 30, For
the Six Months Ended June 30,
2021
2020
Change v 2020
2019
Change v 2019
2021
2020
Change v 2020
2019
Change v 2019
Connected Fitness Units Sold (in thousands)
0.5
--
--
--
--
0.5
--
--
--
--
Digital Subscriptions (in millions)
2.7
2.4
13%
1.7
61%
2.7
2.4
13%
1.7
61%
Nutrition Subscriptions (in millions)
0.4
0.5
-12%
0.3
23%
0.4
0.5
-12%
0.3
23%
Total Subscriptions
3.1
2.9
9%
2.0
55%
3.1
2.9
9%
2.0
55%
Average Digital Retention
94.9%
96.3%
(140bps)
95.2%
(30bps)
95.4%
95.6%
(20bps)
95.1%
30bps
Total Streams (in millions)
44.5
55.5
-20%
25.5
75%
100.4
88.7
13%
52.0
93%
DAU/MAU
31.9%
33.2%
(130bps)
28.6%
330bps
33.5%
31.6%
190bps
29.1%
440bps
Connected Fitness
$0.011
--
--
--
--
$0.011
--
--
--
--
Digital Revenue
$94.3
$78.4
20%
$58.8
61%
$189.5
$140.9
34%
$124.8
52%
Nutrition & Other Revenue
$128.8
$140.1
-8%
$124.9
3%
$259.9
$246.9
5%
$269.9
-4%
Revenue (millions)
$223.1
$218.5
2%
$183.7
21%
$449.3
$387.8
16%
$394.7
14%
Net Income/(Loss) (millions)
($12.4)
($10.0)
-24%
$19.6
-163%
($42.5)
($18.3)
-132%
$27.1
-257%
Adjusted EBITDA (millions)
($4.4)
$0.9
-593%
$17.7
-125%
($16.1)
$3.6
-553%
$39.7
-141%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210812005821/en/
Media ICR BODYPR@icrinc.com
Investor Relations Edward Plank
eplank@beachbody.com
ICR BeachbodyIR@icrinc.com
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