The Beachbody Co Inc (BODI) Q3 2024 Earnings Call Highlights: Strategic Transition and ... [Yahoo! Finance]
The Beachbody Company, Inc. Class A (BODI)
Company Research
Source: Yahoo! Finance
The Beachbody Co Inc ( NYSE:BODI ) has successfully transitioned from a multilevel marketing (MLM) model to a single-level affiliate model, which is expected to improve profitability and agility. The company reported a significant improvement in adjusted EBITDA, achieving $10.1 million in Q3 2024, marking the fourth consecutive quarter of positive adjusted EBITDA. Gross margins improved by 880 basis points year over year, reaching 67.3%, which is within the company's long-term target range. The new affiliate model offers higher commission rates (35-50%) compared to typical affiliate models, which is expected to attract more sellers. The company has reduced its cash break-even level by several hundred million dollars since 2022, indicating a leaner and more efficient operation. Revenues for Q3 2024 declined 20% year over year, and the company expects a further decline in Q4 due to seasonality and the transition to the affiliate model. Digital subscriber count decreased by
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BODI
News
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- The Beachbody Company, Inc. (NYSE: BODI) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $12.00 price target on the stock.MarketBeat
- The Beachbody Company GAAP EPS of -$1.75 misses by $0.19, revenue of $102.2M misses by $2M Nov. 12, 2024 5:21 PM ET By: Mary Christine Joy , SA News Editor [Seeking Alpha]Seeking Alpha
BODI
Earnings
- 11/12/24 - Beat
BODI
Sec Filings
- 12/18/24 - Form 424B3
- 12/18/24 - Form 424B3
- 12/18/24 - Form 8-K
- BODI's page on the SEC website