Beachbody Q2 revenue falls on digital and nutrition weakness

Beachbody

10/08/2026 21:15

Overview
US wellness platform's Q2 revenue declined 22% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations, marking eleventh consecutive quarter of positive adjusted EBITDA
Company reported fourth consecutive quarter of net income and operating income

Outlook
Beachbody sees Q3 2026 revenue between $44 mln and $48 mln
Company expects Q3 2026 net loss between $3 mln and break-even
Beachbody forecasts Q3 2026 adjusted EBITDA between $3 mln and $6 mln

Result Drivers
COST REDUCTIONS - Co attributed improved profitability to lower operating expenses and a dramatically lowered breakeven point
REVENUE DECLINE - Digital and nutrition revenue both fell more than 20% yr/yr; co cited cessation of connected fitness hardware sales and did not provide further detail on revenue declines
OMNI-CHANNEL STRATEGY - Co said it is expanding iconic brands like P90X and Shakeology to retail and growing direct-to-consumer reach

Company press release: ID:nBw1DDLtVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$49.60 mln
$49.30 mln (5 Analysts)
Q2 EPS
 
$0.11
 
Q2 Net Income
 
$1.40 mln
 
Q2 Adjusted EBITDA
Beat
$6.70 mln
$5.12 mln (5 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Beachbody Company, Inc is $18.50, about 79.1% above its August 7 closing price of $10.33
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)