The Beachbody Company, Inc. reiterated guidance for the fourth quarter of fiscal 2022.
The subscription health and wellness company had previously said it expected total revenue to be between $140 million and $150 million. The Adjusted EBITDA loss was expected to be between $9 million and $14 million.
“We are pleased with the cost transformation progress that we have achieved thus far, putting a strong management team in place and delivering positive returns on marketing spend. Our market presence remains strong and we continue to generate demand through compelling content,” said Carl Daikeler, Beachbody’s co-founder, chairman, and chief executive officer. “We are extremely confident in the future of the business. Between our reinforced liquidity position and our cost reductions, we are on track to achieve our expected results.”
Photo courtesy Beachbody
