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Beachbody Company (BODI)
NYSE:BODI
Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-2.2Last Year’s EPS
-10.31Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 23.34%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a significant transformation for The Beachbody Company with a shift to an affiliate model that is expected to enhance profitability and growth. However, the company faces challenges with declining revenues and subscriber numbers. Positive financial performance improvements, such as exceeding EBITDA guidance and achieving positive cash flow, provide optimism for future growth.Company Guidance
During The Beachbody Company's Q3 2024 earnings call, the company provided guidance emphasizing its transition from a multilevel marketing (MLM) model to a single-level affiliate model as of November 1, 2024. This strategic shift aims to eliminate the complexities and costs associated with MLM, allowing affiliates to earn commissions ranging from 35% to 50%, significantly higher than typical affiliate rates of 5% to 25%. The company's Q3 performance showed revenues of $102 million, aligning with guidance, and an impressive adjusted EBITDA of $10.1 million, surpassing the expected range of $2 million to $6 million. The company reported a $31.1 million improvement in adjusted EBITDA year-to-date and a positive free cash flow of $5.3 million, reflecting a $25.4 million improvement over the prior year. Looking ahead, The Beachbody Company anticipates Q4 revenues between $77 million and $87 million, with a net loss projected between $21 million and $17 million, factoring in $9 million in restructuring charges related to the business pivot.Restructuring and New Business Model
The company has eliminated its multilevel marketing structure and adopted a single-level affiliate model, effective November 1, 2024. This change is expected to improve return on ad spend, lifetime value, and economics significantly.
Improvement in Financial Performance
Adjusted EBITDA significantly exceeded guidance, coming in at $10.1 million, a $15.9 million improvement year-over-year. This marks the fourth consecutive quarter of positive adjusted EBITDA.
Positive Cash Flow
The company generated more than $5.3 million of positive free cash flow year-to-date, reflecting a $25.4 million improvement compared to the previous year.
High Gross Margins
Gross margins improved by 880 basis points year-over-year, reaching 67.3% in Q3. This is within the long-term target of 65% to 70%.
Launch of Belle Vitale Program
The upcoming launch of the Belle Vitale program, a comprehensive women's hormone health program, is anticipated to significantly contribute to future growth.
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BODI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BODI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $6.47 | $6.43 | -0.62% |
| Aug 06, 2024 | $7.57 | $6.82 | -9.91% |
| May 06, 2024 | $9.44 | $8.80 | -6.78% |
| Mar 11, 2024 | $9.09 | $10.37 | +14.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beachbody Company (BODI) report earnings?
Beachbody Company (BODI) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Beachbody Company (BODI) earnings time?
Beachbody Company (BODI) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BODI EPS forecast?
BODI EPS forecast for the fiscal quarter 2024 (Q4) is -2.2.
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