Beachbody reports Q3 EPS 51c vs ($1.75) last year

Reports Q3 revenuee $59.9M, consensus $54.8M. Carl Daikeler, BODi‘s Co-Founder and Chief Executive Officer, commented: “Our strategic transformation continues to deliver better than expected results. As we continue building a more efficient operating model, we are pleased to have generated net income for the first time since becoming a public company in 2021. We have executed a significant turnaround focused on strengthening our financial position, significantly lowering our break-even point, and enabling the company to capitalize on the operating leverage that is now built into the business. Our improved financial position allows us to leverage our robust innovation pipeline that we have developed with a goal of returning the company to topline growth.”