BRIEF-Beachbody Company Evolves Core Business Model With Updated Omnichannel Approach

Reuters

2024-10-01

Sept 30 (Reuters) - Beachbody Company Inc :

* THE BEACHBODY COMPANY EVOLVES CORE BUSINESS MODEL WITH UPDATED OMNICHANNEL APPROACH FOCUSED ON ACCELERATING PATH TO PROFITABLE GROWTH

* BEACHBODY COMPANY INC - REDUCES ITS WORKFORCE BY APPROXIMATELY 33 PERCENT

* BEACHBODY COMPANY INC - EXPANDS ITS CURRENT DIRECT-TO-CONSUMER, AMAZON, AND PARTNERSHIP-DRIVEN SALES CHANNELS

* BEACHBODY COMPANY INC - REAFFIRMS ITS FINANCIAL GUIDANCE FOR Q3 ENDING SEPTEMBER 30, 2024

* BEACHBODY COMPANY: WILL TRANSITION FROM MULTI-LEVEL MARKETING NETWORK CHANNEL TO A SINGLE-LEVEL AFFILIATE PROGRAM, TO LAUNCH NOVEMBER 1

* BEACHBODY COMPANY: MLM NETWORK WILL BEGIN WINDING DOWN & IS EXPECTED TO BE FULLY WOUND DOWN BY JAN 1, 2025

* BEACHBODY COMPANY: ANTICIPATES COST REDUCTIONS TO RESULT IN OVERHEAD SAVINGS OF $54 MILLION ON ANNUALIZED RUN-RATE BASIS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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