The Beachbody Company, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 09, 2023 at 02:10 am IST
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The Beachbody Company, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 74.12 million compared to USD 97.66 million a year ago. Revenue was USD 144.9 million compared to USD 198.92 million a year ago.
Net loss was USD 29.19 million compared to USD 73.53 million a year ago. Basic loss per share from continuing operations was USD 4.5 compared to USD 12 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. 