--Turnaround financing, done in partnership with SG Credit Partners, designed to support fitness and nutrition company's transition to a new business model.   NEW YORK, June 10, 2025 /PRNewswire/ -- Tiger Capital Group's lending platform, Tiger Finance, has provided $35 million in financing to The Beachbody Company, Inc. (NYSE:BODI), a leading fitness and nutrition company.SG Credit Partners participated with Tiger in the funding package, which included an immediate $25 million term loan, as well as a $10 m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO Section 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39735 The Beachbody Company, Inc. (Exact name of registrant as specified in its charter) Delaware 85-3222090 (State or other jurisdiction ...

The Beachbody Company (BODI) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Company Participants Bruce Williams - Managing DirectorMark Goldston - Executive ChairmanCarl Daikeler - Co-Founder, Chairman and CEOBrad Ramberg - Interim Chief Financial OfficerAlec Legg - Vice President , Equity Research Conference Call Participants George Kelly - Managing Director, Senior Research AnalystChristopher Sakai - Analyst Operator Good afternoon. Thank you for attending today's Beachbody Company Inc. First Quarter twen ...

The Beachbody Company (BODI) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's Beachbody Company Inc. First Quarter twenty twenty five Earnings Conference Call. My name is Victoria, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with the opportunity for questions I would now like to pass the conference over to your host, Bruce Williams, Managing Director of ICR. You may proceed, Bruce. S ...

The Beachbody Company Ticker: BODi May 2024 FORWARD-LOOKING STATEMENTS Ticker: BODi § This presentation of The Beachbody Company, Inc. (the "Company") contains "forward-looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are statements other than historical fact or in the future tense. These statements include but are not limited to statements regarding the Company's future performance and market opportunity, including expected financial ...

Exhibit 99.1 Beachbody (BODi) Reports First Quarter Financial Results and Announces New Three-Year $25 Million Committed Lending Agreement Strengthens Balance Sheet with New Three-Year $25 Million Committed Lending Agreement Revenues and Net Loss Better Than Guidance Gross Margin of 71%-up 350bps over prior year Adjusted EBITDA Better than Guidance Sixth Consecutive Quarter of Positive Adjusted EBITDA El Segundo, Calif. (May 14, 2025) – The Beachbody Company, Inc. (NYSE: BODi) ("BODi" or the "Company"), a l ...

The market expects The Beachbody Company, Inc. (BODI) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other ...

Market Risks - The company faces significant risks related to consumer preferences in the health and fitness industry, which can change rapidly and unpredictably [86]. - The company relies heavily on a few key products for sales, making it vulnerable to market fluctuations and consumer demand shifts [82]. - The company’s revenue is significantly impacted by consumer discretionary spending, which can decline during economic downturns [92]. - The company’s nutritional products, particularly the Shakeology line, are subject to changing consumer perceptions and trends, which could adversely affect demand [91]. - The company faces significant competition in the at-home fitness equipment and nutritional products markets, which is expected to intensify [107]. - The company may experience challenges in attracting and retaining customers, which could materially impact its financial condition [102]. Operational Challenges - The company has initiated cost reduction activities, including a strategic alignment initiative called the Pivot, aimed at streamlining operations and transitioning to a single-level affiliate model [96]. - The company’s operational results may fluctuate due to the seasonal nature of its business [82]. - The company operates with limited control over suppliers and manufacturers, which may lead to risks in product quality and availability [112]. - The company faces risks related to inventory management, which could lead to excess inventory write-downs or shortages affecting sales [126]. - The company relies on high-quality customer service, and any negative experiences could harm its reputation and sales [122]. - The company’s relationships with third-party service providers are crucial, and any failure in their systems could adversely affect operations [182]. Financial Risks - The company’s ability to maintain pricing levels for its products is critical, as failure to do so could significantly reduce revenue and gross margins [88]. - The company’s financing agreements impose restrictions that could adversely affect its operations and ability to engage in certain transactions [80]. - The company may face challenges in maintaining sufficient cash flows from operating activities to meet debt obligations, potentially leading to asset sales or restructuring [142]. - The company may need to raise additional funds through new equity securities or debt due to increased liquidity needs [242]. - The company’s quarterly operating results may fluctuate significantly, making it difficult to predict future performance [243]. - The company’s ability to maintain gross margins and operating margins is critical for its financial health [246]. Regulatory and Compliance Risks - The company is exposed to risks associated with data security and privacy, which could impact its operations if not managed effectively [82]. - The company is subject to stringent data privacy laws, including the CCPA and GDPR, which could increase compliance costs and legal risks [160]. - The enactment of new privacy laws across various states may create a complex regulatory environment for the company [159]. - Non-compliance with FDA regulations could adversely affect the company's business and financial condition [189]. - The company relies on contract manufacturers for compliance with regulatory requirements, which poses risks if they fail to adhere [190]. - The company faces risks related to ACH, credit card, and debit card payments, including potential increases in transaction fees [197]. Legal and Litigation Risks - The company faces potential litigation expenses and loss of rights due to claims of intellectual property infringement, particularly concerning its BODi Bikes products [212]. - The company faces a securities class action suit related to its business combination transaction, which could incur significant expenses and impact stock price [231]. - The company may incur significant legal fees related to securities litigation and stockholder activism, which could divert management's attention [231]. - The company may incur significant costs related to cybersecurity incidents, including potential litigation and regulatory penalties [180]. Governance and Control Risks - The co-founder and CEO, Carl Daikeler, controls over 80% of the voting power through Class X common stock, allowing him to influence major corporate decisions [127]. - The company is classified as a "controlled company," limiting certain corporate governance protections for stockholders [131]. - The company’s internal controls over financial reporting may not be effective, potentially leading to investor confidence issues [232]. International Expansion Risks - Expansion into international markets poses significant risks, including regulatory, economic, and political challenges, which could adversely affect operations [147]. - The company has limited experience with international regulatory environments, which may hinder successful market penetration [148]. - The company’s international business expansion could be adversely affected by inconsistent enforcement of data privacy laws [162]. Market and Stock Risks - The market price of the company's Class A common stock may experience volatility due to various factors, including financial performance and market conditions [219]. - The company may face dilution of its Class A common stock due to future equity offerings or other securities issuances [224]. - The company does not expect to declare cash dividends in the foreseeable future, relying instead on stock price appreciation for returns to investors [229]. Miscellaneous Risks - The company may incur additional costs due to design and manufacturing defects in its products, affecting user experience and market acceptance [119]. - The company anticipates significant additional costs to comply with expanded climate-related disclosures mandated by regulators [187]. - Changes in laws and regulations could increase operating costs and reduce demand for the company's products [191]. - The company’s exposure to interest rate risk is primarily associated with Term Loan borrowings, which are subject to variability in the SOFR rate [405].

Financial Data and Key Metrics Changes - The company generated revenue of $86.4 million in Q4 2024, which was at the high end of the guidance range of $77 million to $87 million [45] - Adjusted EBITDA was $8.7 million, significantly exceeding the guidance range of $2 million to $6 million, marking the fifth consecutive quarter of positive adjusted EBITDA [45][56] - Gross margins improved by 830 basis points year-over-year to 70.5%, the highest quarterly rate since 2020 [15][47] - Cash flow from operations improved dramatically, generating $2.6 million in 2024 compared to a cash use of $22.5 million in 2023, a $25 million improvement [17][56] Business Line Data and Key Metrics Changes - Digital revenue decreased 6.2% sequentially to $50.4 million and decreased 21.4% year-over-year, impacted by a decline in digital subscribers [48] - Nutrition revenue decreased 26.6% sequentially to $34.8 million and decreased 32.8% year-over-year, with nutrition subscriptions declining 29.2% sequentially [49][50] - Digital gross margin was 85.9%, up 540 basis points from the prior quarter, while nutrition gross margin was 52.3%, representing a 630 basis point decline from the prior quarter [50][51] Market Data and Key Metrics Changes - The transition from a multi-level marketing (MLM) model to an omni-channel model has significantly impacted revenue streams, with expectations of a shift towards more direct-to-consumer sales [46][58] - The company is seeing strong growth in its Amazon business and is expanding into Walmart, which is expected to contribute to revenue growth [35][37][113] Company Strategy and Development Direction - The company has restructured into a new business model, phasing out the MLM structure and adopting an omni-channel strategy focused on direct-to-consumer marketing [7][11] - The new strategy aims to enhance revenue streams and empower affiliates with a performance-based compensation structure [11][12] - The company is focused on building profitable revenue and cash flow, with plans to expand into retail and leverage partnerships to enhance product accessibility [25][40] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that 2025 will be a transition year as the new business model is implemented, with expectations of short-term dislocations but a commitment to long-term growth [18][19] - There is optimism about the growth potential of the new initiatives, particularly in the context of increasing demand for fitness and nutrition products [23][24] - The company expects to see a mix of revenue streams, with approximately 60% from digital and 40% from nutrition moving forward [61] Other Important Information - The company has retained more of its legacy nutrition subscription file than expected during the transition, indicating a positive customer experience [39] - Partnerships with telehealth providers and initiatives to leverage HSA and FSA accounts are being pursued to enhance product accessibility [40][41] Q&A Session Summary Question: Can you provide more color on the movement with affiliates during the transition to the new business model? - Management indicated that the transition was moderate, with some affiliates moving over while new affiliates are being attracted from outside the previous network [66][68] Question: How should we think about the P&L structure moving forward? - The company expects a revenue mix of 60% digital and 40% nutrition, with gross margins of approximately 85% for digital and 50% for nutrition [71][77] Question: Can you clarify the reasons for the sequential revenue decline? - The decline is attributed to the transition from MLM to the new model, with many former affiliates not migrating over [86][88] Question: What are the expectations for the nutrition business, particularly regarding retail? - The nutrition business is seen as a major opportunity, with plans to market products like Shakeology in retail for the first time [93][95] Question: How will the company manage potential cannibalization between direct-to-consumer and affiliate channels? - Management believes the channels are complementary, with direct marketing efforts providing support for affiliate sales [115][118]

The Beachbody Company (BODI) Q4 2024 Earnings Call March 27, 2025 05:00 PM ET Company Participants Bruce Williams - Managing DirectorMark Goldston - Executive ChairmanCarl Daikeler - Co-Founder, Chairman & Chief Executive OfficerBrad Ramberg - Interim Chief Financial OfficerJohn-Paul Wollam - Equity Research Associate Conference Call Participants Susan Anderson - Managing Director & Senior AnalystGowshihan Sriharan - Analyst Operator I would now like to pass the conference over to your host, Bruce Williams, ...