Brief: Beachbody Company Evolves Core Business Model With Updated Omnichannel Approach

Beachbody

30/09/2024 23:33

Sept 30 (Reuters) - Beachbody Company Inc  BODI.N :
    * THE BEACHBODY COMPANY EVOLVES CORE BUSINESS MODEL WITH
UPDATED
OMNICHANNEL APPROACH FOCUSED ON ACCELERATING PATH TO PROFITABLE
GROWTH
    * BEACHBODY COMPANY INC - REDUCES ITS WORKFORCE BY
APPROXIMATELY
33 PERCENT
    * BEACHBODY COMPANY INC - EXPANDS ITS CURRENT
DIRECT-TO-CONSUMER,
AMAZON, AND PARTNERSHIP-DRIVEN SALES CHANNELS
    * BEACHBODY COMPANY INC - REAFFIRMS ITS FINANCIAL GUIDANCE
FOR Q3
ENDING SEPTEMBER 30, 2024
    * BEACHBODY COMPANY: WILL TRANSITION FROM MULTI-LEVEL
MARKETING
NETWORK CHANNEL TO A SINGLE-LEVEL AFFILIATE PROGRAM, TO LAUNCH
NOVEMBER 1
    * BEACHBODY COMPANY: MLM NETWORK WILL BEGIN WINDING DOWN &
IS
EXPECTED TO BE FULLY WOUND DOWN BY JAN 1, 2025
    * BEACHBODY COMPANY: ANTICIPATES COST REDUCTIONS TO RESULT
IN
OVERHEAD SAVINGS OF $54 MILLION ON ANNUALIZED RUN-RATE BASIS

Source text for Eikon:  ID:nBw2Q0sLPa 
Further company coverage:  BODI.N 

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