The Beachbody Company, Inc. (BODi) announced its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, revenue was $86.4 million, a 27.4% decrease year-over-year, but in-line with the high-end of guidance. Full year 2024 revenue totaled $418.8 million, down 20.5% from the prior year.
The company achieved its fifth consecutive quarter of positive Adjusted EBITDA, reporting $8.7 million for Q4 2024, a significant increase from $2.8 million in the prior year. Full year Adjusted EBITDA reached $28.3 million, a substantial improvement from a negative $8.7 million in 2023. Gross margin improved to 70.5% in Q4 2024, an 830 basis point increase year-over-year.
Carl Daikeler, BODi's Co-Founder and CEO, stated that 2024 was a pivotal year, successfully re-architecting the company from a Multi-Level Marketing network to a single-level affiliate model. The company provided Q1 2025 guidance, projecting revenues between $60 million and $70 million and Adjusted EBITDA between negative $2 million and positive $2 million.
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.