Beachbody (BODi) Reports Third Quarter Financial Results
The Beachbody Company, Inc. Class A (BODI)
Company Research
Source: Business Wire
Revenues in-line with the mid-point of GuidanceGross Margin of 67%-up 880bps over prior yearNet Loss in-line with GuidanceFourth Consecutive Quarter of Positive Adjusted EBITDA EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading fitness and nutrition company, today announced financial results for its third quarter ended September 30, 2024.Carl Daikeler, BODi's Co-Founder and Chief Executive Officer, commented:"Our third quarter results demonstrated the continued successful execution of the first phase of our turnaround plan, with significant improvements in adjusted EBITDA and positive free cash flow generation. As we enter the next phase of our transformation, we are evolving our distribution model to a modern affiliate network that will broaden our market opportunities and further optimize our cost structure.""On September 30, 2024, we announced a major change in our business model from a multi-level marketing ("MLM")
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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