Beachbody's financial performance in the third quarter of 2024 indicates a notable decline in both total revenue and digital revenue compared to the same period in the prior year, alongside a decrease in digital subscriptions.
Third Quarter 2024 Financial Highlights
For the third quarter of 2024, The Beachbody Company, Inc. reported a significant reduction in its key financial metrics:
- Total Revenue: Decreased to $102.2 million from $128.3 million in the prior year period.
- Digital Revenue: Fell to $53.7 million from $64.3 million in the prior year period.
- Digital Subscriptions: Stood at 1.11 million in the third quarter.
Here's a quick comparison of the revenues:
| Metric | Q3 2024 (USD) | Q3 Prior Year (USD) | Change (USD) |
|---|---|---|---|
| Total Revenue | $102.2 million | $128.3 million | -$26.1 million |
| Digital Revenue | $53.7 million | $64.3 million | -$10.6 million |
These figures highlight a challenging period for the company, reflecting a decrease across its primary revenue streams and subscriber base. The detailed financial results can be found on The Beachbody Company's investor relations website.
