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The Beachbody Company (NYSE: BODI) Reports Achieving Positive Turnaround In Revenue, EBITDA And Cash Flow In Q1 2024

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–News Direct–

By James Blacker, Benzinga

Subscription health and fitness firm The Beachbody Company, Inc (NYSE: BODI) saw a significant turnaround in its financial results for the first quarter ending March 31, reporting higher revenue and adjusted EBITDA compared to the previous quarter as well as the first positive free cash flow quarter since 2020.

Positive Financial Metrics

The company, which now goes by BODi, reported a total revenue of $120 million for the first quarter, exceeding the midpoint of guidance. While revenue was down around 17% from $144.9 million in the same period of 2023, the figure grew from $119 million in the previous quarter representing the first quarter-on-quarter revenue growth since 2021.

BODis increase in revenue compared to the previous quarter was driven by a more than 7% increase in revenue from its Nutrition & Other segment, while the Digital and Connected Fitness segments saw slight dips in revenue over the same period.

A key highlight for the quarter was the companys first positive free cash flow since 2020, which was $7.4 million, compared to negative $11.3 million in the first quarter of 2023. BODi said it generated $9.1 million from operating activities in Q1 2024, in stark contrast to a cash outflow of $7.9 million from operating activities in the same period of 2023. The company also saw an inflow of $3.9 million from investing activities, compared to an outflow of $3.4 million last year.

"Our net cash position increased from $3.9 million at December 31, 2023 to $14.4 million at March 31, 2024, representing approximately a $10 million improvement in our liquidity in one quarter, noted Marc Suidan, BODis Chief Financial Officer.

Other key financial metrics also showed positive improvements, with a substantial rise in adjusted EBITDA at $4.6 million, compared to a negative $0.9 million in the first quarter of last year. Moreover, the company narrowed its net loss to $14.2 million in the first quarter from $29.2 million in the year-ago period.

BODis financial improvement in Q1 2024 was bolstered by a reduction in total operating expenses, which fell to $92.1 million in the first quarter from $118.8 million a year earlier. This helped slash the operating loss by $16.6 million (over 60%!), from $27.4 million to $10.8 million.

Outlook For Q2

Looking ahead to the second quarter of 2024 ending June 30, BODi expects to see revenue fall within the range of $103 million to $113 million, with a net loss of between $14 million and $20 million. Adjusted EBITDA in Q2 is projected to be between negative $3 million and positive $3 million.

While BODi appears to remain cautious in its Q2 outlook, the positive Q1 results mark a potential turning point for the company. The revenue growth, positive free cash flow and improved adjusted EBITDA signify robust progress in its turnaround plan.

Things could be looking up for BODi, provided it can capitalize on the booming online/virtual fitness market, which is projected to grow at a CAGR of 32.7% through 2032, becoming a $250.7 billion market.

Key Financial Metrics For The Quarter Ended 31 March

The Beachbody Company (NYSE: BODI)

Peloton Interactive (NASDAQ: PTON)

GAIA Inc. (NASDAQ: GAIA)

WW International (NASDAQ: WW)?

Revenue

$

120 million

$

717.7 million

$

21.7 million

$

206.5 million

Market cap (as of 22 May)

$

58.135 million

$

1.235 billion

$

94.253 million

$

136.232 million

Subscriptions

1.37 million

6.6 million

839,000

4 million

Gross Profit

$

81.28 million

$

309.7 million

$

18.5 million

$

137.8 million

Adjusted EBITDA

$

4.6 million

$

5.8 million

$

8.8 million

Additionally, a comparison of the Market Cap to Last Twelve Months (LTM) Revenue ratio can be found below:

The Beachbody Company (NYSE: BODI)

Peloton Interactive (NASDAQ: PTON)

GAIA Inc. (NASDAQ: GAIA)

WW International (NASDAQ: WW)?

Market Capitalization

$

58.135 million

$

1,235 million

$

94.253 million

$

136.232 million

Revenue (LTM)

$

502 million

$

2,699 million

$

82 million

$

854 million

Revenue / Market Cap Ratio

0.12

0.46

1.15

0.16

Featured photo by StockSnap on Pixabay.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/the-beachbody-company-nyse-bodi-reports-achieving-positive-turnaround-in-revenue-ebitda-and-cash-flow-in-q1-2024-631979198

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Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts

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Safetyvalue Trading Center unveils Mobile App V2, featuring biometric authentication, customizable dashboards, and push notifications to support secure, high-speed crypto trading for users around the world.

Safetyvalue Trading Center today announced the official release of Safetyvalue Mobile App V2, a major update to its iOS and Android applications that brings powerful new features, optimized performance, and improved accessibility for global cryptocurrency traders. This latest version reflects the company’s focus on delivering a streamlined, user-friendly mobile experience without compromising on security or functionality.

Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts

The V2 upgrade introduces a redesigned interface that makes it easier for users to view markets, manage portfolios, and execute trades in just a few taps. In addition to the sleek new design, Safetyvalue has integrated biometric login options, including Face ID and fingerprint authentication, for enhanced account security and convenience.

Key upgrades include:

Biometric authentication for secure, password-free access

Customizable trading dashboard with real-time charts, order book, and price alerts

Push notifications for price movements, order execution, and system updates

NFT wallet view and direct marketplace access

One-click switching between spot, margin, and DeFi modes

Support for 10+ languages, including Spanish, Arabic, Japanese, and Portuguese

“The mobile experience is critical to modern crypto users, and V2 is designed to meet their evolving needs,” said a Safetyvalue product director. “Whether users are tracking NFT auctions, managing a diverse portfolio, or executing high-frequency trades, the new app ensures everything is accessible, fast, and secure—right from their pocket.”

The new app architecture has also been optimized for low-bandwidth environments and faster load times, especially in emerging markets. Safetyvalue has implemented advanced caching and real-time syncing mechanisms that allow users to stay connected even with intermittent internet access.

In addition to core trading features, Safetyvalue App V2 includes educational modules, how-to guides, and integrated customer support via live chat and help center browsing. This makes it easier for new users to onboard and begin trading with confidence, regardless of prior experience.

The updated mobile app plays a key role in Safetyvalue’s broader mission to provide borderless, 24/7 access to digital assets. It supports all Safetyvalue account types and integrates seamlessly with the platform’s unified multi-asset system, allowing users to manage fiat, crypto, NFTs, and DeFi positions from a single wallet interface.

App V2 is now available on the Apple App Store and Google Play, with rollout support for over 100 countries. Safetyvalue has confirmed that additional features—such as wallet connect integrations, staking dashboards, and multi-account switching—are in development for upcoming releases.

Download or learn more at:

https://safetyvalue.info

https://safetyvalue-review.com

https://safetyvaluetrading.center

https://safetyvaluetrading.pro

https://safetyvalue.wiki

Media Contact

Organization: Safetyvalue

Contact Person: Alexander Griffin

Website: https://safetyvalue.com/

Email: Send Email

Country:United States

Release id:27142

Disclaimer: The information provided in this press release is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Safetyvalue Trading Center does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Cryptocurrency trading involves substantial risk and may not be suitable for all investors.

View source version on King Newswire:
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts

It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.

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ExaCrypt Unveils Redesigned Platform Interface Focused on Usability and Speed

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The new ExaCrypt interface introduces an upgraded, user-centered design featuring improved navigation, mobile optimization, and advanced charting tools—empowering traders with a more efficient, responsive platform.

ExaCrypt, a leading digital asset trading platform, is excited to announce the launch of its completely redesigned user interface (UI), offering a modern, intuitive, and more user-friendly experience for traders worldwide. This significant platform update is aimed at improving navigation, enhancing the overall user experience, and ensuring a more streamlined trading process for both beginners and seasoned professionals.

ExaCrypt Unveils Redesigned Platform Interface Focused on Usability and Speed

A Modern, Streamlined Design for Enhanced Trading Efficiency

The new user interface brings a fresh, modern look while maintaining the platform’s robust functionality. Key features of the redesigned UI include:

Intuitive Layout: The interface has been simplified for easier access to essential trading tools and information. Users can now quickly find the features they need, from live market data to order placement, all in one place.

Customizable Dashboard: Traders can personalize their dashboard with widgets and shortcuts to prioritize their most-used tools and data, creating a tailored experience that fits their individual trading styles.

Optimized Mobile Experience: The updated platform design is mobile-responsive, providing seamless functionality and smooth navigation on any device, allowing users to trade on the go without compromising on features or performance.

Real-Time Data and Enhanced Charting Tools: The redesigned interface includes enhanced charting tools and real-time market data for more precise analysis and better decision-making.

User-Centered Design for All Traders

“We’ve listened to feedback from our community, and this UI redesign is the result of our commitment to making ExaCrypt not just a powerful platform, but also a highly intuitive one,” said Élise Laurent, Product Manager at ExaCrypt. “Our goal is to ensure that traders of all levels, from beginners to professionals, can easily access the tools they need to succeed. The new interface delivers on that promise, providing a clean, customizable workspace with everything traders need right at their fingertips.”

Improved Performance and Speed

Alongside the visual improvements, the platform has been optimized for performance, ensuring that users experience faster load times, smoother navigation, and improved responsiveness. This update enables ExaCrypt to continue delivering the seamless and secure trading experience that its users expect.

About ExaCrypt

ExaCrypt continues to innovate and lead in the digital asset trading industry by providing advanced tools, a secure environment, and a user-focused platform. With the launch of the new UI, ExaCrypt further strengthens its commitment to offering a top-tier, user-friendly platform that empowers traders around the world.

For more information, please visit:

https://www.exacrypt.review

https://www.exacrypt.pro

https://www.exacrypt-fr.com

 

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

Media Contact

Organization: ExaCrypt

Contact Person: Elise Laurent

Website: https://e-crypt.com/

Email: Send Email

City: Paris

Country:France

Release id:27137

View source version on King Newswire:
ExaCrypt Unveils Redesigned Platform Interface Focused on Usability and Speed

It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.

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24Newswire.com Sets the Gold Standard in Press Release Distribution with Unmatched Reach and Results

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24Newswire.com delivers reliable and results-driven press release distribution services for businesses of all sizes. From corporate announcements to event promotions, the platform makes it easy to distribute press releases to thousands of top-tier media outlets worldwide. Designed for maximum visibility and brand impact, 24Newswire offers strategic targeting, real-time reporting, and one of the most effective solutions for business PR distribution and event news distribution available today.

New York, NY – In today’s fast-paced digital age, getting noticed is more challenging than ever. Enter 24Newswire.com, a leading platform revolutionizing the way businesses and organizations distribute press releases. Offering one of the best press release distribution services in the industry, 24Newswire.com is designed to amplify visibility, increase brand credibility, and reach global audiences through powerful media networks.

As a premier press release distribution service, 24Newswire.com enables clients to seamlessly submit their press release for distribution across 15,000+ news outlets, including prominent platforms such as Google News, Yahoo Finance, AP News, MarketWatch, and more. Whether you’re a startup launching a product or a multinational company making major announcements, 24Newswire.com ensures your message reaches the right audience.

 

Why Choose 24Newswire.com?

Best Press Release Distribution Services: At 24Newswire.com, we pride ourselves on being among the best press release distribution platforms globally. Our platform provides industry-leading exposure by tapping into targeted and authoritative media outlets.

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Our streamlined system allows users to easily upload, format, and distribute press releases within minutes. Coupled with advanced targeting options and analytics, clients gain insights into reach, engagement, and media pickups.

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About 24Newswire.com

24Newswire.com is a trusted name in press release distribution services, helping brands, agencies, and organizations across industries communicate their stories to the world. Backed by a team of seasoned PR professionals and cutting-edge technology, 24Newswire delivers comprehensive distribution, maximum media exposure, and tangible results.

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