Press Release
The Beachbody Company (NYSE: BODI) Reports Achieving Positive Turnaround In Revenue, EBITDA And Cash Flow In Q1 2024
–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.
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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
Benzinga
COMTEX_453283437/2655/2024-06-03T08:47:10
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Press Release
PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions
Recently, the globally recognized cryptocurrency trading platform PBOGA officially announced a large-scale hiring initiative, with plans to recruit approximately 100 new employees. The recruitment effort spans multiple key sectors, including technology development, compliance auditing, risk management, marketing, and customer service, covering various levels of positions to support the rapid growth and business expansion of the platform. As the global cryptocurrency market continues to expand, PBOGA is actively scaling its team to enhance its technological competitiveness and service capabilities.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
This recruitment plan reflects the fast-paced growth and business expansion strategy of the platform, particularly in technology development. PBOGA is increasing investment in blockchain development, smart contract construction, cross-chain asset management, and trading system optimization. Newly hired technical personnel will be directly integrated into the core technology team to address increasingly complex market demands, ensuring transaction stability and a continuously improving user experience.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
Compliance and risk management remain critical aspects of platform operations. The newly recruited compliance auditors and risk management professionals will help PBOGA meet the increasingly stringent financial regulatory requirements across different jurisdictions. By expanding the scale and expertise of the compliance team, the platform aims to ensure that every transaction adheres to international regulatory standards, strengthening its overall risk control capabilities.
Marketing is another major focus of this recruitment effort. PBOGA seeks to hire professionals with an international perspective and cross-cultural communication skills to bolster its global branding and promotional efforts. The new marketing hires will focus on user acquisition, community engagement, and cross-regional brand communication strategies, ensuring that the PBOGA brand effectively establishes itself and gains widespread recognition in different markets.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
The platform is also expanding its user support team. Additional customer service and technical support staff will provide 24/7, multilingual, and professional assistance to global users, addressing trading-related inquiries and enhancing overall user satisfaction.
This large-scale recruitment initiative highlights the steady growth of PBOGA within the cryptocurrency sector while signaling its continued commitment to investing in user service quality and technological innovation.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts
On April 23, 2025, the cryptocurrency trading platform PBOGA officially obtained the Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) of the United States. The announcement of this milestone highlights the outstanding compliance management and reliability of PBOGA while laying a solid foundation for the future international expansion of the platform.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
Through this regulatory approval, PBOGA has demonstrated its robust financial supervision framework, stringent user asset protection mechanisms, and strong risk control measures. By adhering to strict compliance standards and a transparent fund management system, the platform effectively reduces transaction risks and uncertainties. Particularly in the current increasingly stringent global cryptocurrency regulatory environment, PBOGA has successfully earned the recognition and support of regulatory authorities by maintaining a clear and well-defined compliance framework.
With the MSB license now in place, PBOGA is well-positioned to expand its cross-border operations. Given the international recognition of the MSB license, the platform can now legally facilitate transactions involving users and capital flows from around the world, further increasing its trading volume and market reach. This certification also enhances the competitive edge of the platform in attracting institutional clients and professional investors, reinforcing its position in the market.
User security and fund protection have always been core operational principles for PBOGA. Following the acquisition of the MSB license, the platform will rigorously enforce Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. By continuously upgrading risk management technologies and enhancing account security measures, PBOGA effectively mitigates the risks associated with illicit fund flows, providing users with a safe and reliable environment for cryptocurrency investment and trading.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
Looking ahead, PBOGA will leverage the advantages of its compliance licensing to expand global business operations and establish stronger partnerships with financial institutions in various regions. The platform will also extend its compliance expertise across all business sectors, continuously addressing the evolving asset management needs of users while contributing to the long-term optimization and development of the global cryptocurrency trading ecosystem.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy
Recently, the global cryptocurrency trading platform PBOGA officially obtained the Regulation D license issued by the U.S. Securities and Exchange Commission (SEC). This milestone marks a significant breakthrough in the international compliance efforts of PBOGA, positioning the platform more favorably in the global cryptocurrency market.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
The acquisition of the Regulation D license is of great significance to the business development of the platform. This license not only signifies that PBOGA has met the stringent standards of U.S. regulatory authorities in fund management, risk control, and financial auditing, but also underscores the commitment of the platform to compliance and transparency. With this license, PBOGA can legally provide a wider range of investment products and services tailored to eligible professional investors and institutional clients. Users who choose PBOGA for investment and asset management will benefit from enhanced legal protections and a greater sense of confidence in their transactions.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
By continuously strengthening its compliance framework, PBOGA has enhanced both its brand reputation and market competitiveness. The platform had previously obtained the MSB (Money Services Business) license from FinCEN (Financial Crimes Enforcement Network), and with the addition of the Regulation D license, PBOGA further solidifies its compliance credentials on the international stage. As global regulatory requirements become increasingly stringent, The proactive approach of PBOGA to achieving high compliance standards showcases its strong risk management capabilities and its ability to swiftly adapt to evolving regulatory frameworks.
The compliance licensing also provides strong support for the global expansion strategy of PBOGA. Moving forward, the platform plans to accelerate its market growth in the United States and other key regions, leveraging strict regulatory compliance, transparent operations, and comprehensive user privacy protection measures to attract professional investors and premium business partners worldwide. The proprietary multi-chain technology, matching engine, and security protection systems of the platform will further demonstrate their technical superiority, enhancing competitiveness while serving a global user base.
The recognition granted by the Regulation D license will also facilitate deeper partnerships with international financial institutions. This licensing advantage allows PBOGA to attract stronger financial and institutional investors, fostering the development of its product ecosystem and delivering more innovative and specialized financial services to users worldwide.
The successful acquisition of the Regulation D license represents an important milestone in the global strategic expansion of PBOGA, reinforcing its commitment to compliance, security, and innovation as it continues its path toward sustainable growth in the cryptocurrency industry.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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