Inside The Call: Beachbody’s Q3 Misses Plan On Weakening At-Home Fitness Demand
November 16, 2021
The Beachbody Company, which recently went public in an IPO, reported sales dropped 17 percent in the third quarter in part because new subscribers to its fitness content weakened amid a softening in at-home fitness demand.
Looking ahead, Beachbody lowered its expectations for sales for 2021 to a range between $820.0 million and $830.0 million, down from prior guidance between $930.0 million and $960.0 million. Adjusted EBITDA is projected to be between a loss of $110.0 million and a loss of $100.0 million, consistent with previous expectations SGB Media