The Beachbody Company, now known as BODi, shared financial results for Q4 and the full year of 2024.
Fourth Quarter 2024 Financial Highlights:
Total revenue was $86.4 million, compared to $119.0 million in the prior year period, a decrease of $32.6 million.
Digital revenue was $50.4 million, compared to $64.0 million in the prior year period, a decrease of $13.6 million.
Nutrition and Other revenue was $34.8 million compared to $51.8 million in the prior year period, a decrease of $17.0 million.
Connected Fitness revenue was $1.2 million compared to $3.2 million in the prior year period, a decrease of $2.0 million, and approximately 2,700 bikes were delivered.
Operating loss during the quarter decreased to $32.9 million from $60.4 million in the prior year period, and adjusted EBITDA during the fourth quarter was $8.7 million, compared to $2.8 million in Q4 2023.
Total operating expenses were $93.8 million, which included a $20.0 million impairment of goodwill, compared to $134.3 million in the prior year period, which included a $43.1 million impairment of goodwill and intangible assets.
Full-Year 2024 Financial Highlights:
Total revenue was $418.8 million, compared to $527.1 million in the prior year, a decrease of $108.3 million.
Digital revenue was $224.3 million, compared to $258.4 million in the prior year,