Beachbody Q1 revenue falls 25%; does not expect profit in Q2

Beachbody

12/05/2026 21:20

Overview

US wellness platform's Q1 revenue fell 25% yr/yr but beat analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Company posted third straight quarter of net and operating income despite lower sales

Outlook

Company expects Q2 2026 revenue between $46 mln and $51 mln

Beachbody projects Q2 net income (loss) between $(3) mln and $0 mln

Company sees Q2 adjusted EBITDA between $3 mln and $6 mln

Result Drivers

OPERATING EXPENSE CUTS - Lower selling, marketing, technology, and administrative costs drove improved operating income and net income despite revenue decline

CONNECTED FITNESS EXIT - Revenue from connected fitness fell to zero after the company ceased bike inventory sales in Q1 2025

LOWER SUBSCRIPTIONS - Declines in both digital and nutrition subscriptions contributed to lower overall revenue

Company press release: ID:nBw61T0Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$54.30 mln
$51.63 mln (4 Analysts)
Q1 EPS
$0.30
Q1 Net Income
$2.30 mln
Q1 Adjusted EBITDA
Beat
$8 mln
$5.36 mln (4 Analysts)

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 $15.00, about 19.2% above its May 11 closing price of $12.58

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.)