Beachbody Turnaround Progress Continues
The connected fitness and nutrition products company’s transition year saw a pivot to a new distribution model as the company’s Q2 revenues were 42% lower at $63.9 million from $110.2 million, but the net loss narrowed to $5.9 million from a loss of $10.9 million. With no new bike sales since Q1, connected fitness revenue was $0.1 million compared to $1.3 million prior. Nutrition and Other sales declined ... Log in to view full article.
