BODi Reports Q4 and Full Year 2024 Financial Results

The Beachbody Company, now known as BODi, shared financial results for Q4 and the full year of 2024.

Fourth Quarter 2024 Financial Highlights:

• Total revenue was $86.4 million, compared to $119.0 million in the prior year period, a decrease of $32.6 million.
• Digital revenue was $50.4 million, compared to $64.0 million in the prior year period, a decrease of $13.6 million.
• Nutrition and Other revenue was $34.8 million compared to $51.8 million in the prior year period, a decrease of $17.0 million.
• Connected Fitness revenue was $1.2 million compared to $3.2 million in the prior year period, a decrease of $2.0 million, and approximately 2,700 bikes were delivered.
• Operating loss during the quarter decreased to $32.9 million from $60.4 million in the prior year period, and adjusted EBITDA during the fourth quarter was $8.7 million, compared to $2.8 million in Q4 2023.
• Total operating expenses were $93.8 million, which included a $20.0 million impairment of goodwill, compared to $134.3 million in the prior year period, which included a $43.1 million impairment of goodwill and intangible assets.

Full-Year 2024 Financial Highlights:

• Total revenue was $418.8 million, compared to $527.1 million in the prior year, a decrease of $108.3 million.
• Digital revenue was $224.3 million, compared to $258.4 million in the prior year, a decrease of $34.1 million.
• Nutrition and Other revenue was $187.8 million compared to $249.5 million in the prior year, a decrease of $61.7 million.
• Connected Fitness revenue was $6.6 million compared to $19.2 million in the prior year, a decrease of $12.6 million, and approximately 9,000 bikes were delivered.
• Operating loss decreased by $74.8 million to $66.2 million from $141.0 million in the prior year, and adjusted EBITDA was $28.3 million, compared to a loss of $8.7 million in the prior year.
• Total operating expenses were $353.6 million, which included a $20.0 million impairment of goodwill, compared to $464.1 million in the prior year, which included a $43.1 million impairment of goodwill and intangible assets.

To read the full Q4 press release, please visit thebeachbodycompany.com

Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer said.

“2024 was a pivotal year at BODi, as we continued to build upon our strategy to transform the company. Our turnaround plan successfully streamlined our digital platform, lowering our breakeven point and enhancing our liquidity position. We generated higher margin revenue streams and achieved positive operating cash flows while successfully rearchitecting the company from a Multi-Level Marketing network to a single-level affiliate model.

“As we move into 2025, we have laid the foundation to execute the next phase of our turnaround which will maximize our market opportunities, and continue to generate positive operating cash flow through our multi-channel strategy and new innovative products.”