The Beachbody Co Sees Q4 Revenue $105M-$115M Vs $118.32M Est.
Author: Benzinga Newsdesk | November 07, 2023 05:41pm
Outlookfor The Fourth Quarter of 2023
| | | Outlook For Quarter Ending December 31, 2023 | | |
| (in millions) | | | | | | |
| Revenue | | $ | 105 | | $ | 115 | | |
| | | | | | | |
| Net Loss | | $ | (30 | ) | $ | (25 | ) | |
| | | | | | | |
| Adjustments: | | | | | | |
| Depreciation and Amortization | | $ | 8 | | $ | 8 | | |
| Amortization of Content Assets | | $ | 5 | | $ | 5 | | |
| Interest Expense | | $ | 2 | | $ | 2 | | |
| Equity-Based Compensation | | $ | 5 | | $ | 5 | | |
| Other Adjustment Items | | $ | 4 | | $ | 4 | | |
| Total Adjustments | | $ | 24 | | $ | 24 | | |
| | | | | | | |
| Adjusted EBITDA | | $ | (6 | ) | $ | (1 | ) | |
| | | | | | | |
| 1 A definition of Adjusted EBITDA and reconciliation to net loss is at the end of this release. |
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