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Article Date: March 2022
Word Count: 245

Beachbody Targets Profits over Growth for 2022


Net loss ballooned in the final quarter to $145,962,000 including a $94.9 million non-cash impairment charge, from a loss of $16,872,000, as sales ticked down 4% to $216,266,000 from $224,283,000. Digital revenue fell 14% to $81.9 million as digital subscriptions totaled 2.54 million, down 3% over the prior year. While month-over-month digital retention tallied 97%, up 90 b.p. over the prior year, total streams dropped 27% to 30.8 million. Connected fitness posted $36.8 million in revenues as the company sold 23,900 Myx bikes in the quarter. Nutrition and other sales were down 25% to $48,628,000. Gross margin was slashed 2,340 ... Log in to view full article.

 


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