Market ChallengesWW's app downloads fell -39% y/y during peak diet season, signaling a tough environment.
Revenue ForecastsRevising '25 forecasts: lower revenue/EBIT by -5%/-34%, base case range reduced.
Subscriber DeclineWW has underperformed through 2024 with Clinic contribution stalling, core behavioral subscribers down 17% year-over-year, and negative free cash flow.