Debt Reduction and NASDAQ Relisting
WeightWatchers reduced its debt by more than 70%, freeing up approximately $50 million of cash annually from lower interest expense, and is now relisted on NASDAQ under the ticker WW.
Growth in Clinical Subscribers and ARPU
Monthly subscription revenues per average subscriber (ARPU) increased 12% year-over-year in the second quarter, marking the third consecutive quarter of ARPU expansion. Clinical subscribers grew year-over-year by 56%.
New Leadership Appointments
Notable leadership additions include Julie Rice as Chief Experience Officer and Dr. Kim Boyd as Chief Medical Officer, enhancing the company's focus on experience and clinical offerings.
Strong Adjusted EBITDA Margin
Adjusted EBITDA margin was 34% in the predecessor period, up more than 900 basis points year-over-year, driven by disciplined cost management and lower marketing spend.