The Beachbody Firm, now generally known as BODi, reported its monetary outcomes for the fourth quarter and full 12 months 2024. Whole income within the fourth quarter was $86.4 million, down from $119 million in This fall 2023. Of this complete, digital income accounted for $50.4 million, down from $64 million year-over-year, with a complete of 1.07 million digital subscriptions. Income throughout the Vitamin and Different class was $34.8 million, in comparison with $51.8 million in the identical interval final 12 months, and Related Health was $1.2 million, down from $3.2 million year-over-year. Roughly 2,700 bikes have been delivered within the fourth quarter.
Working loss throughout the quarter decreased to $32.9 million from $60.4 million final 12 months. Adjusted EBITDA throughout the fourth quarter was $8.7 million, in comparison with $2.8 million in This fall 2023.
Whole income for the 12 months 2024 was $418.8 million, down from $527.1 million in 2023. Of this complete:
- Digital income was $224.3 million, down from $258.4 million in 2023
- Vitamin and Different income was $187.8 million, down from $249.5 million in 2023
- Related Health was $6.6 million, down from $19.2 million in 2023. Roughly 9,000 bikes have been delivered in 2024.
Whole working loss in 2024 was $66.2 million, in comparison with an working lack of $141 million in 2023. Adjusted EBITDA was $28.3 million, in comparison with a lack of $8.7 million in 2023.
The corporate ended the 12 months with money supplied by working actions totaling $2.6 million, in comparison with money utilized in working actions of $22.5 million in 2023. Money supplied by investing actions was $1.1 million, in comparison with money utilized in investing actions of $10.8 million in 2023.
Forecasts for first quarter 2025 income now vary between $60-$70 million.
“2024 was a pivotal 12 months at BODi, as we continued to construct upon our technique to remodel the corporate,” stated Carl Daikeler, BODi’s Co-Founder and Chief Govt Officer. “Our turnaround plan efficiently streamlined our digital platform, decreasing our breakeven level and enhancing our liquidity place. We generated greater margin income streams and achieved constructive working money flows whereas efficiently rearchitecting the corporate from a Multi-Stage Advertising community to a single degree affiliate mannequin. As we transfer into 2025, we’ve got laid the inspiration to execute the following section of our turnaround which is able to maximize our market alternatives, and proceed to generate constructive working money move by our multi-channel technique and new modern merchandise.”
