The Beachbody Company, Inc. · NASDAQ:BODI
The Beachbody — Investor Presentation (March 2026)
22 slides from The Beachbody's investor presentation, Mar 23, 2026
Slide 1: The Road to Turnaround
THE ROAD TO TURNAROUND March 23, 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation of The Beachbody Company, Inc. (the "Company”) contains “forward-looking” statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which are statements other than historical fact or in the future tense.
Slide 3: Our Mission
OUR MISSION Since 1998, our mission has been clear and unwavering: Help people achieve their goals and lead healthier, more fulfilling lives. Today, that commitment is stronger than ever. We are dedicated to empowering you with step-by-step programs, tools, and support to reach your goals and achiev
Slide 4: Our Origins Are in Building Iconic Brands
THE ORIGINAL FITNESS, NUTRITION & WELLNESS PLATFORM OUR ORIGINS ARE IN BUILDING ICONIC BRANDS PREMIUM PRODUCTS KEY METRICS 140+ streaming Over 900 million workout programs qualified views since inception 11,000+ streaming videos 32 million customers since inception 6 owned nutrition brands $12+ bill
Slide 5: Market Opportunity
MARKET OPPORTUNITY $2.2 TRILLION OPPORTUNITY Global wellness spending was $1.1T $1.1T valued at ~$6.5 trillion in 2023 FITNESS / PHYSICAL NUTRITION ACTIVITY Fitness/physical activity and healthy nutrition represent ~33% of global $923B $6.5T wellness expenditures WELLNESS TOURISM GLOBAL WELLNESS
Slide 6: The BODi Transformation
THE BODi TRANSFORMATION Mark Goldston joined in June 2023 as Executive Chairman to help lead a turnaround at the Company. Author of the book “The Turnaround Prescription.” Successfully turned around Faberge, Reebok, LA Gear, Net Zero/United Online, Einstein Bagels, and other companies. The asset
Slide 7: The BODi Turnaround
THE BODi TURNAROUND The Beachbody Company has 22 years of positive Adjusted EBITDA and reached a peak of $1.2 billion in revenue and $135 million in Adjusted EBITDA in 2015. The company was founded as an infomercial-based business and expanded into a multi-level marketing (MLM) in 2008, with hun
Slide 8: The BODi Turnaround
THE BODi TURNAROUND Post-IPO and post-COVID, the company began to encounter headwinds, largely driven by significant anti-MLM sentiment in the United States. The MLM model featured a burdensome 40-55% commission structure on every sale and renewal. The goal of the turnaround was to create a ne
Slide 9: The BODi Turnaround
THE BODi TURNAROUND The company completely re-architected the business to become a nimble, dynamic organization and reduced overall headcount from over 1,000 to under 300 people in 4 years. The company's adjusted EBITDA breakeven was reduced from $900 million in revenue to $180 million in less t
Slide 10: The BODi Turnaround
THE BODi TURNAROUND The innovation pipeline features several compelling programs that will roll out throughout 2026 and 2027. The first program is the revolutionary 10 Minute BODi, a $10/month offering that features a series of muscle, cardio, flexibility, and weight-loss programs aimed at the m
Slide 11: The BODi Turnaround
THE BODi TURNAROUND The Shakeology superfood+protein brand will be sold in retailers for the first time ever, starting in Q2 2026. The brand has generated $3.7 billion in cumulative sales and over 1 billion servings sold since its introduction, and it has NEVER been sold in a retail store. The n
Slide 12: The BODi Turnaround
THE BODi TURNAROUND In February 2026, BODi launched the first sequel to the P90X program in 13 years: P90X Generation Next. P90X is the most successful extreme fitness program in history, with millions of current and former users and $1 billion in cumulative sales. To support the launch of the
Slide 13: The BODi Turnaround
THE BODi TURNAROUND The company’s financial turnaround is a year ahead of schedule. The company has reported 9 consecutive quarters of positive adjusted EBITDA. The company reported full-year operating income in 2025 for the first time since the IPO in 2021. The company was free cash-flow po
Slide 14: The BODi Turnaround
THE BODi TURNAROUND There are numerous other programs in the innovation pipeline that will be introduced in the second half of 2026 and into 2027. The multi-channel strategy will be greatly enhanced by the new P90X, INSANITY, and Shakeology nutritional products at much more attractive price poin
Slide 15: The Mileposts of the Financial Turnaround
THE MILEPOSTS OF THE FINANCIAL TURNAROUND 2021 to Present 15 15
Slide 16: $720 Million Reduction in Revenue Breakeven
$720 MILLION REDUCTION IN Revenue REVENUE Breakeven Level BREAKEVEN 2022 $900 million 2023 $440 million 2024 $235 million 2025 $180 million 16
Slide 17: $310.6 Million Improvement in Free Cash Flow
$310.6 MILLION Free Cash Flow IMPROVEMENT IN FREE CASH 2021 ($293.2 million) FLOW 2022 ($73.7 million) 2023 ($29.1 million) 2024 ($2.0 million) 2025 +$17.4 million 17
Slide 18: $116.9 Million Improvement in Adjusted EBITDA
$116.9 MILLION Adjusted EBITDA IMPROVEMENT IN ADJUSTED 2021 ($86.1 million) EBITDA 2022 ($23.3 million) 2023 ($8.7 million) 2024 +$28.3 million 2025 +$30.8 million 18
Slide 19: $225.5 Million Improvement in Net Income/(Loss)
$225.5 MILLION Net Income/(Loss) IMPROVEMENT IN NET INCOME/ 2021 ($228.4 million) (LOSS) 2022 ($194.2 million) 2023 ($152.6 million) 2024 ($71.6 million) 2025 ($2.9 million) Net Income of $3.6 million in Q3 and $5.2 million in Q4. 19
Slide 20: Turnaround Highlights
TURNAROUND HIGHLIGHTS 12/31/2025 cash position: $39.0 million 12/31/2025 debt position: $25.0 million 9 consecutive quarters of positive adjusted EBITDA: $61.9 million 2025 adjusted EBITDA: $30.8 million 2025 free cash flow: $17.4 million 2025 net loss: ($2.9 million) 2025 full year Ad
Slide 21: Next Step: Open the Innovation Pipeline
NEXT STEP OPEN THE INNOVATION PIPELINE • Super Trainer curated collections launched $10/month (Nov 2025) • 10 Minute BODi launched (Dec 2025) • New P90X Generation Next launched (Feb 2026) • P90X Nutrition Line retail launch with QR Code (Q2 2026)* o DTC, CRM, Amazon launch • Shakeology small size 7
Slide 22: Thank You!
Help people achieve their goals and lead healthier, more fulfilling lives. THANK YOU! 22
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