Beachbody Q2 revenue falls on digital and nutrition weakness
BODI•Outlook
- Beachbody sees Q3 2026 revenue between $44 mln and $48 mln
- Company expects Q3 2026 net loss between $3 mln and break-even
- Beachbody forecasts Q3 2026 adjusted EBITDA between $3 mln and $6 mln
Result drivers
- Cost reductions - Co attributed improved profitability to lower operating expenses and a dramatically lowered breakeven point
- Revenue decline - Digital and nutrition revenue both fell more than 20% yr/yr; co cited cessation of connected fitness hardware sales and did not provide further detail on revenue declines
- Omni-channel strategy - Co said it is expanding iconic brands like P90X and Shakeology to retail and growing direct-to-consumer reach
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the online services peer group is "buy"
- Wall Street's median 12-month price target for Beachbody Company, Inc is $18.50, about 79.1% above its August 7 closing price of $10.33
- The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago
