Mar. 11 at 4:36 PM
Noble Capital Markets Research Report: The Beachbody Company (
$BODI) – Turnaround Complete, Growth Phase Begins
Q4 results exceeded expectations. Q4 revenue of
$55.5 million and adjusted EBITDA of
$12.9 million, surpassed our estimates of
$53.0 million and
$5.0 million, respectively. Although revenue declined 7.3% sequentially and 35.7% year over year due to the continued wind-down of the legacy MLM model, operating income reached
$8.2 million, marking the second consecutive profitable quarter and a
$41.1 million year-over-year improvement.
Read full report here: https://www.channelchek.com/news-channel/the-beachbody-company-bodi-turnaround-complete-growth-phase-begins
