Beachbody (BODi) reported its third‑quarter 2025 results, posting revenue of $59.9 million and a net income of $3.6 million—its first profit since the company went public in 2021. Adjusted EBITDA reached $9.5 million and gross margin expanded to 74.6 percent, a 730‑basis‑point increase year‑over‑year.
Revenue fell 41 percent from the same period a year earlier, largely driven by a 32.2 percent decline in digital‑subscription revenue and a 50.4 percent drop in nutrition and other product sales. The decline reflects the company’s ongoing shift away from its legacy multi‑level marketing model toward a more diversified omnichannel platform. Despite the revenue contraction, margin expansion—largely from higher‑margin digital subscriptions and lower marketing spend—offset the loss in top line.
Earnings per share were $0.51, a $1.05 beat to the consensus estimate of –$0.54. The surprise was driven by disciplined cost management, a favorable mix shift toward high‑margin digital offerings, and the elimination of one‑time restructuring charges that had weighed on prior periods.
Management guided for revenue of $50 million to $57 million, a net income (loss) of –$1 million to $3 million, and adjusted EBITDA of $5 million to $9 million for the fourth quarter. The guidance signals confidence that the company can maintain profitability even as revenue continues to decline, thanks to the lower break‑even point and strong free‑cash‑flow generation.
Mark Goldston, Executive Chairman, highlighted the milestone: “We have generated net income for the first time since going public, and our break‑even point has fallen from roughly $900 million in 2022 to $180 million today.” CEO Carl Daikeler added, “Our operational leverage is improving, and the upcoming retail expansion in 2026 will further diversify our revenue streams.”
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.