Beachbody Q3 revenue misses as subscriptions fall; adjusted EBITDA beats
BODI•BODI•BODI•BODI•Beachbody’s Q3 revenue fell 24.5% year over year to $45.2 million, below the $46.26 million consensus, while adjusted EBITDA of $6.4 million beat the $4.33 million estimate. The company forecast Q4 revenue of $38 million to $42 million and adjusted EBITDA of $6 million to $9 million.
Beachbody reported Q3 revenue of $45.2 million, down 24.5% year over year and below analyst expectations of $46.26 million. Net income was $3.3 million, while adjusted EBITDA was $6.4 million, beating the $4.33 million consensus estimate.
The company attributed lower revenue to declines in its digital and nutrition segments and reported fewer digital and nutritional subscriptions than a year earlier. Beachbody said additional cost efficiencies lowered its breakeven point and supported profitability.
Beachbody expects Q4 revenue of $38 million to $42 million, adjusted net income of $1 million to $4 million, and adjusted EBITDA of $6 million to $9 million.
