Amended financial covenants reflect BODi's improved performance and 2026 growth initiatives in the fitness and nutrition sector NEW YORK, Feb. 5, 2026 /PRNewswire/ -- Tiger Finance has amended its existing credit facility with Southern California-based The Beachbody Company, Inc. (NASDAQ: BODI) ("BODi" or the "Company") to provide the fitness and nutrition leader with enhanced financial flexibility. "We have revised our terms with BODi in recognition of its strengthened liquidity position and financial per ...

Core Insights - Beachbody has demonstrated a successful turnaround, achieving net income profitability for the first time since going public, with a net income of over $3 million in Q3 2025 [7][8] - The company is shifting from a multi-level marketing (MLM) model to a multi-channel strategy, including retail distribution, which is expected to enhance growth opportunities [6][8] Company Overview - Beachbody, founded in 1998, has transitioned from DVD-based workout programs to a subscription-based digital platform, offering on-demand streaming of fitness content and nutrition coaching [19][20] - The company has built a strong portfolio of fitness brands, including P90X and Insanity, and has accumulated over 140 proprietary programs and 11,000 videos on its streaming platform, BODi [4][19] Market Opportunity - The overall wellness market is estimated at $6.5 trillion, with fitness and nutrition segments each valued at $1.1 trillion, indicating significant growth potential for Beachbody [2] Financial Performance - Beachbody has achieved eight consecutive quarters of positive adjusted EBITDA, totaling approximately $50 million, and has improved free cash flow from negative $300 million in 2021 to positive $13.1 million year-to-date in 2025 [7][8] - The company has successfully reduced its cash break-even point from approximately $900 million to about $180 million, a reduction of $720 million [8] Strategic Initiatives - The company plans to launch new products, including the P90X Generation Next program in February and the 10-Minute Body program, aimed at non-exercisers [10][11] - Beachbody is expanding its retail presence by introducing nutritional supplements under the P90X and Insanity brands, with plans to utilize QR codes for promotional offers [12][13] Cost Structure and Debt Management - The company has significantly reduced its workforce from over 1,000 employees to fewer than 300, optimizing its operational structure [18] - Debt refinancing efforts have led to a 44% reduction in overall interest expenses, improving financial stability [18]

Financial Data and Key Metrics Changes - The company has reduced its cash break-even level from $900 million in 2022 to approximately $180 million today, representing a $720 million reduction [24][25] - Free cash flow improved from negative $300 million in 2021 to positive $13.1 million in the first three quarters of 2025, marking a $300 million improvement [25] - Adjusted EBITDA transitioned from a loss of $86 million in 2021 to approximately $18 million of positive Adjusted EBITDA in 2025 [26] - The company achieved net income positive of over $3 million in Q3 2025 for the first time since going public [26] Business Line Data and Key Metrics Changes - The company has transitioned from a multi-level marketing (MLM) model to a multi-channel strategy, which includes direct-to-consumer, Amazon/Marketplace, affiliates, and retail [14][15] - The restructuring has led to a significant reduction in employee count from over 1,000 to less than 300 [15][22] - The company has maintained eight consecutive quarters of positive adjusted EBITDA, cumulatively around $50 million [17][22] Market Data and Key Metrics Changes - The general wellness market is valued at $6.5 trillion in 2023, with the fitness and nutrition categories each representing a $1.1 trillion potential market [5][6] - The company has a significant opportunity to expand its retail presence, which has not been previously utilized for its products [13] Company Strategy and Development Direction - The company is focusing on an innovation pipeline with new product launches scheduled between 2026 and 2027, including the 10-Minute Body program and a new P90X program [18][19] - A retail strategy is being implemented to sell previously unretail products, including nutritional supplements under well-known brand names [20][21] - The company aims to address the total addressable market (TAM) of non-exercisers and enhance brand exposure through retail partnerships [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the turnaround, stating that the company is a year ahead of schedule and financially stable with cash levels exceeding debt [22][24] - The focus is now on innovation and creative exercise-related programs rather than financial survival [22][32] - The management highlighted the importance of adapting marketing strategies to different demographics and the potential benefits of retail exposure [38][39] Other Important Information - The company has restructured its debt, reducing overall interest expenses by 44% [15][22] - The average interest rate on debt is approximately 15.5%, with a cash position of $34 million against $25 million of debt [28] Q&A Session Summary Question: Has the retail rollout process changed? - The retail process is slower than anticipated due to planogram schedules, but the company is actively aggregating retailer responses [34] Question: What could the long-term margin structure look like? - Gross margins are expected to normalize in the low- to mid-70s, with potential for high 80s-90% in fitness and mid-40s-50% in nutrition as retail expands [36][37] Question: What online media has been most effective for the target demographic? - The company has not yet identified the best medium but acknowledges the need to tailor content for different platforms and demographics [38]

Financial Data and Key Metrics Changes - The company has reduced its cash break-even level from $900 million in 2022 to approximately $180 million today, representing a $720 million reduction [24][25] - Free cash flow improved from nearly negative $300 million in 2021 to positive $13.1 million in the first three quarters of 2025, a $300 million improvement [25] - Adjusted EBITDA transitioned from a loss of over $86 million in 2021 to approximately $18 million of positive Adjusted EBITDA in 2025 [26] - The company achieved net income positive of over $3 million in Q3 of 2025 for the first time since going public [26] Business Line Data and Key Metrics Changes - The company has transitioned from a multi-level marketing (MLM) model to a multi-channel strategy, which includes direct-to-consumer, Amazon/Marketplace, affiliates, and retail [14][15] - The restructuring has led to a significant reduction in employee count from over 1,000 to less than 300 [15][22] - The company has maintained eight consecutive quarters of positive adjusted EBITDA, cumulatively around $50 million [17][22] Market Data and Key Metrics Changes - The general wellness market is valued at $6.5 trillion in 2023, with the fitness and nutrition categories each representing a $1.1 trillion potential market [5][6] - The company aims to tap into a broader audience by launching retail products, including a new small serve of Shakeology priced below $40 [21][20] Company Strategy and Development Direction - The company is focusing on an innovation pipeline with new product launches scheduled between 2026 and 2027, including the 10-Minute BODi program and a new P90X program [18][19] - A retail strategy is being implemented to sell previously unretail products, enhancing brand exposure and market reach [13][20] - The company is addressing the non-exerciser demographic with new content and products designed to engage this audience [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the turnaround, stating that the company is a year ahead of schedule and positioned for growth in 2026 and 2027 [24][32] - The financial flexibility gained from the turnaround allows the company to focus on innovation and creative product development rather than financial survival [22][32] Other Important Information - The company has restructured its debt, reducing overall interest expenses by 44% [15][22] - The average interest rate on debt is approximately 15.5%, with a cash position of $34 million against $25 million of debt [28] Q&A Session Summary Question: Has the retail rollout process changed? - The retail process is slower than anticipated due to planogram schedules, but the company is actively engaging with retailers and aggregating responses [34] Question: What could the long-term margin structure look like on an EBITDA level? - Management indicated that gross margins should normalize in the low- to mid-70s, with potential for high 80s to 90% on fitness and mid-40s to 50% in nutrition as the company grows [36][37] Question: What online media has been most effective for the target demographic? - The company has not yet identified the best medium but acknowledges the need to tailor content for different platforms, noting that audiences over 30 are less engaged with TikTok [38]

Financial Data and Key Metrics Changes - The company has reduced its cash break-even level from $900 million in 2022 to approximately $180 million today, representing a $720 million reduction [15][23] - Free cash flow improved from nearly negative $300 million in 2021 to positive $13.1 million in the first three quarters of 2025, a $300 million improvement [23] - Adjusted EBITDA transitioned from a loss of over $86 million in 2021 to approximately $18 million of positive Adjusted EBITDA in 2025 [24] - The company achieved net income positive status for the first time since going public, reporting over $3 million in Q3 of 2025 [24] Business Line Data and Key Metrics Changes - The company has transitioned from a multi-level marketing (MLM) model to a multi-channel strategy, which includes direct-to-consumer, Amazon/Marketplace, affiliates, and retail [14] - The restructuring has led to a significant reduction in employee count from over 1,000 to less than 300 [15] - The company has launched new products, including the 10-Minute Body program and a new P90X program, which are aimed at expanding its customer base [17][18] Market Data and Key Metrics Changes - The general wellness market is valued at $6.5 trillion, with the fitness and nutrition categories each representing a $1.1 trillion potential market [5] - The company aims to tap into the retail market for its products, which have never been sold in retail before, indicating a significant growth opportunity [13] Company Strategy and Development Direction - The company is focused on innovation and has a robust pipeline of new products scheduled for launch between 2026 and 2027 [17][30] - The strategy includes launching a retail line for its major brands, such as P90X and Shakeology, to increase brand exposure and sales [19][20] - The company is addressing the non-exerciser market with new content and smaller product sizes to attract a broader audience [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the turnaround, stating that the company is a year ahead of schedule and financially stable with cash levels exceeding debt [16][21] - The management highlighted the importance of the innovation pipeline and the potential for significant growth in the coming years [30] Other Important Information - The company has restructured its debt, reducing overall interest expenses by 44% [15] - The marketing expenses have been reduced from over 50% to the low-to-mid-30s percentage, allowing for increased media spending [27] Q&A Session Summary Question: Has the retail rollout process changed? - The retail process is slower than anticipated due to planogram schedules, but the company is actively engaging with retailers for product placement [32][33] Question: What could the long-term margin structure look like? - Gross margins are expected to normalize in the low- to mid-70s, with potential for high 80s-90% on fitness and mid-40s-50% in nutrition as retail grows [34][35] Question: What online media has been most effective for the demographic? - The company has not yet identified the best platform but acknowledges the need to tailor content for different audiences across various media [36][38]

Group 1 - Ero Copper Corp. (ERO) has seen a Zacks Consensus Estimate for its current year earnings increase by 8.1% over the last 60 days [1] - Nu Holdings Ltd. (NU) has experienced a Zacks Consensus Estimate for its current year earnings rise of 7.1% over the last 60 days [1] Group 2 - Kohl's Corporation (KSS) has reported a Zacks Consensus Estimate for its current year earnings increasing by 104.4% over the last 60 days [2] - Fulgent Genetics, Inc. (FLGT) has seen a significant increase in the Zacks Consensus Estimate for its current year earnings by 775% over the last 60 days [2] - The Beachbody Company, Inc. (BODI) has experienced a Zacks Consensus Estimate for its current year earnings increase of 58.3% over the last 60 days [2]

EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NASDAQ: BODI) ("BODi†or the "Company†), a leading fitness and nutrition company, today announced that Mark Goldston, Executive Chairman, Carl Daikeler, Co-Founder and Chief Executive Officer and Brad Ramberg, Interim Chief Financial Officer will present at the 2026 ICR Conference in Orlando, Florida on Monday, January 12, 2026, at 11:30am EST. BODi, formerly known as Beachbody, has been a pioneer in structured, step-by-step home fitness and ...

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Company Performance - The Beachbody Company, Inc. (BODI) has seen a significant stock increase of 105.3% over the past month, reaching a new 52-week high of $12.28 [1] - Year-to-date, the stock has gained 96.6%, outperforming the Zacks Consumer Discretionary sector's 1.1% gain and the Zacks Consumer Services - Miscellaneous industry's -18.6% return [1] Earnings and Revenue - The company has a strong record of positive earnings surprises, having beaten earnings consensus estimates in the last four quarters [2] - In the latest earnings report on November 10, 2025, BODI reported an EPS of $0.51, significantly surpassing the consensus estimate of -$0.54, and beat the revenue estimate by 9.08% [2] Future Projections - For the current fiscal year, BODI is expected to post earnings of -$1.15 per share on revenues of $249.79 million, reflecting an 89.06% change in EPS and a -40.35% change in revenues [3] - For the next fiscal year, the company is projected to earn -$0.39 per share on revenues of $234.16 million, indicating a year-over-year change of 66.38% in EPS and -6.26% in revenues [3] Valuation Metrics - The Beachbody Company has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [6] - The current Zacks Rank for BODI is 2 (Buy), driven by rising earnings estimates [7] Competitive Landscape - Cimpress plc (CMPR) is a notable industry peer with a Zacks Rank of 2 (Buy) and strong valuation scores, including A for Value, Growth, and Momentum [9] - CMPR is expected to post earnings of $3.50 per share on revenue of $3.61 billion for the current fiscal year, with shares gaining 10.6% over the past month [10] Industry Outlook - The Consumer Services - Miscellaneous industry is positioned in the top 20% of all industries, suggesting favorable conditions for both BODI and CMPR [11]

Summary of The Beachbody Company (NYSE:BODI) Conference Call - December 10, 2025 Company Overview - The Beachbody Company, ticker BODI, is undergoing a significant turnaround after facing financial difficulties in previous years, with losses of -$200 million and -$100 million in prior years [2][3] - The company transitioned from a multi-level marketing (MLM) structure to an omnichannel sales model, focusing on direct-to-consumer sales and partnerships [3][5] Financial Performance - The company has achieved EBITDA positivity for the last eight quarters, totaling $49 million in cumulative EBITDA [3] - Year-to-date EBITDA for the first nine months of 2025 is reported at $17.9 million, with positive free cash flow of $13.1 million [4] - The first positive net income quarter was reported in Q3 2025, with a net income of $3.6 million, marking the first net income since the IPO in 2021 [4] - The break-even revenue level has been significantly reduced from $900 million to $180 million [5] - The company has $34 million in cash and $25 million in debt, with a new effective cash rate of 13.4% after refinancing [4][5] Business Model Transformation - The company eliminated its MLM structure, reducing its manpower from over 1,300 to less than 300 [5] - A new omnichannel approach includes direct sales through the website, an affiliate program, and retail partnerships [5][6] - The launch of a new line of nutritional products under well-known brands like P90X and Shakeology is planned for Q1 2026 [6][8] Product and Market Strategy - The company is targeting the 185 million Americans who are overweight and do not exercise, with new fitness programs and nutritional products [9][10] - A new P90X exercise program and a line of nutritional supplements are set to launch, with a focus on accessibility and affordability [10][18] - The company aims to leverage partnerships, such as with Reebok, to expand its reach and visibility [14][16] Marketing and Customer Engagement - Marketing expenses have been reduced from high 40s% of sales to low 30s%, allowing for increased media spending [12] - The company is focusing on customer acquisition and retention metrics, particularly in digital subscriptions and nutritional product sales [32] - A significant opportunity exists to convert existing fitness customers to nutrition product users, as currently less than 10% of fitness customers use the nutrition products [23][24] Future Outlook - The company anticipates that 2026 will be the first year for year-over-year comparisons under the new business model [11] - New product launches and marketing strategies are expected to drive revenue growth, with a focus on the new customer base and existing CRM [28][33] - The management emphasizes the importance of innovation and product diversification to capture market share in the fitness and nutrition sectors [28][32] Conclusion - The Beachbody Company is positioned for a strong recovery and growth trajectory following its strategic overhaul, with a focus on profitability, customer engagement, and innovative product offerings [27][33]