Beachbody Company reports Q1 adjusted EBITDA $4.6M vs. ($0.9M) last year

Reports Q1 revenue $120.0M, consensus $114.9M. Marc Suidan, CFO, stated: “We made a concerted effort to improve our liquidity position. Our net cash position1 increased from $3.9 million at December 31, 2023 to $14.4 million at March 31, 2024. This represents approximately a $10 million improvement in our liquidity in one quarter.”