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Stock impact report

Beachbody (BODi) Reports Third Quarter Financial Results [Yahoo! Finance]

The Beachbody Company, Inc. Class A (BODI) 
Company Research Source: Yahoo! Finance
EL SEGUNDO, Calif., November 12, 2024 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") to a single-level affiliate network. This pivot marks a strategic shift that will fundamentally transform our company and positions us well for long-te Show less Read more
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