Group 1: Financing Details - Tiger Finance has provided $35 million in financing to The Beachbody Company, Inc., which includes a $25 million term loan and a $10 million uncommitted accordion [1][2] - The financing allows Beachbody to retire $17.3 million of outstanding debt and adds approximately $5 million of capital to its balance sheet [2] Group 2: Strategic Partnership and Business Model Transition - The financing is part of a turnaround strategy to support Beachbody's transition to a new business model focused on digital fitness and nutrition [1][3] - Management believes that this partnership will position Beachbody for greater profitability and long-term growth [3] Group 3: Company Background - The Beachbody Company, originally known as Beachbody, has been innovating home fitness and nutrition programs for 25 years, helping over 30 million customers [5] - The company is known for programs like P90X, Insanity, and Shakeology, and has a community focused on health and wellness [5]

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 ...

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, ...

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, but represented a 15% sequential decline and a 27% year-over-year decline [31][32] - Adjusted EBITDA for Q4 was $8.7 million, significantly exceeding the guidance range of $2 million to $6 million, marking the fifth consecutive quarter of positive adjusted EBITDA [10][31] - The company achieved a dramatic improvement in cash flow, generating $2.6 million from operations in 2024 compared to a cash use of $22.5 million in 2023, representing a $25.1 million improvement year-over-year [11][38] Business Line Data and Key Metrics Changes - Digital revenue decreased by 6.2% sequentially to $50.4 million and decreased by 21.4% year-over-year, impacted by a decline in digital subscriber count [32][33] - Nutrition revenue decreased by 26.6% sequentially to $34.8 million and decreased by 32.8% year-over-year, with nutrition subscriptions declining by 29.2% sequentially [33][34] - Digital gross margin was 85.9% for the quarter, exceeding the long-term target of 80%, while nutrition gross margin was 52.3%, reflecting a decline due to the discontinuation of preferred customer fees [34][35] Market Data and Key Metrics Changes - The transition from a multi-level marketing (MLM) model to an omnichannel model has significantly impacted revenue streams, particularly in the nutrition segment [32][33] - The company is seeing strong growth in its Amazon business and has launched on Walmart.com, with expectations for significant growth in these channels [23][24][65] Company Strategy and Development Direction - The company has restructured its business model by phasing out the MLM structure and adopting an omnichannel strategy focused on direct-to-consumer marketing [5][6] - The new affiliate model aims to enhance revenue streams and empower affiliates with performance-based compensation, aligning with the company's direct marketing roots [8][17] - The company plans to introduce new products under popular brand names and expand distribution through various channels, including retail [9][26][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that 2025 will be a transition year as the company implements its new business model, which is crucial for long-term competitiveness [12][39] - There is optimism about the growth potential ahead, particularly in the nutrition segment, as the company can now market its products outside the former MLM network [10][66] - The management emphasizes the importance of building profitable revenue and cash flow while navigating the challenges of the transition [17][30] Other Important Information - The company reported a net loss of $34.6 million in Q4, which included $20 million in goodwill impairment expenses, but this represents an improvement compared to the same quarter last year [36][37] - The cash balance at the end of the year was $20.2 million, reflecting a reduction in outstanding debt [38] Q&A Session Summary Question: What was the reaction to the transition to the new affiliate model? - Management indicated that the transition was moderately successful, with some affiliates migrating over, but new affiliate acquisition has been slower than desired. Plans are in place to attract more affiliates from both internal and external sources [43][44][46] Question: How should the P&L structure be viewed moving forward? - The company expects revenues to approximate 60% digital and 40% nutrition, with gross margins of approximately 85% for digital and 50% for nutrition [47][48] Question: What factors contributed to the sequential revenue decline? - The decline is attributed primarily to the transition from the MLM model, with many former affiliates not migrating to the new model [57][58] Question: What is the outlook for the nutrition business? - The nutrition segment is seen as a major opportunity, with plans to market products like Shakeology through retail channels for the first time, which is expected to significantly increase revenue [64][66]