The Beachbody Company, Inc. · NASDAQ:BODI
The Beachbody — LD Micro Invitational XVI Conference (May 2026)
24 slides from The Beachbody's conference presentation, May 18, 2026
Slide 1: The Road to Turnaround
BEE 20h A os St “ wf) Lh Ag WwW y THE ROAD TO TURNAROUND May 18, 2026
Slide 2: 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. These statements include bu
Slide 3: Our mission since 1998
Since 1998, our mission has been clear and unwavering: Help people achieve their goals and lead healthier, more fulfilling lives. We are dedicated to empowering customers with nutrition and fitness tools, so they reach their goals and achieve healthy results. 33
Slide 4: The Original Fitness, Nutrition & Wellness Platform
THE ORIGINAL FITNESS, NUTRITION & WELLNESS PLATFORM PREMIUM PRODUCTS KEY METRICS 225+ structured streaming Over 1 billion qualified workout programs views since inception 11,500+ streaming videos 32 million customers since inception 10 owned nutrition brands $12.5+ billion in revenue since inception
Slide 5: $2.2 Trillion Opportunity
$2.2 TRILLION OPPORTUNITY Global wellness spending was valued $1.1T $1.1T at ~$6.5 trillion in 2023 FITNESS / PHYSICAL NUTRITION ACTIVITY Fitness/physical activity and healthy nutrition represent ~33% of global wellness $923B $6.5T expenditures WELLNESS TOURISM GLOBAL WELLNESS INDUSTRY $1.2T B
Slide 6: History and financial background of the company
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 hundreds of thousands
Slide 7: Mark Goldston joined to lead a turnaround
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 assets of The Beachbody Compa
Slide 8: New multi-channel business model and MLM exit
The goal of the turnaround was to create a new, multi-channel business model, which required an exit from the MLM structure and its burdensome 40-55% commission structure on every sale and renewal. The MLM was disbanded in December 2024, and the company moved back to its roots as a Direct-To-Con
Slide 9: Re-architected business: headcount and cost reductions
Since 2022, the company has 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 than
Slide 10: Financial turnaround a year ahead of schedule
The company’s financial turnaround is a year ahead of schedule. The company has reported 10 consecutive quarters of positive Adjusted EBITDA totaling $69.8 million. The company reported full-year operating income in 2025 for the first time since the IPO in 2021. The company was free cash-flo
Slide 11: Accelerated innovation pipeline
With the financial turnaround a year ahead of schedule, the innovation pipeline was accelerated, featuring several compelling programs that will roll out throughout 2026 and 2027. The first program is the revolutionary 10 Minute BODi, a high volume/low price $10/month offering that features a se
Slide 12: Shakeology and new products entering retail
The Shakeology superfood+protein 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 retail. Shakeology will be sold in Sprouts stores starting in late Q2 2026, and nationally in Vitamin Shoppe stores this fa
Slide 13: P90X Generation Next launch
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 P90X nutritional su
Slide 14: Other programs in the innovation pipeline
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 points. The focus on n
Slide 15: The Mileposts of the Financial Turnaround
THE MILEPOSTS OF THE FINANCIAL TURNAROUND 2021 to Present BODi
Slide 16: Revenue breakeven reduction
2022 $900 million 2023 $440 million 2024 $235 million 2025 $180 million 16
Slide 17: Free cash flow by year
2021 ($293.2 million) 2022 ($73.7 million) 2023 ($29.1 million) 2024 ($2.0 million) 2025 $17.4 million Q1 2026 ($1.7) million 17
Slide 18: Adjusted EBITDA by year
2021 ($86.1 million) 2022 ($23.3 million) 2023 ($8.7 million) 2024 $28.3 million 2025 $30.8 million Q1 2026 $8.0 million 18
Slide 19: Cumulative positive Adjusted EBITDA
Q4 2023 $2.8 million 2024 $28.3 million 2025 $30.8 million Q1 2026 $8.0 million Cumulative ~$69.8 million 19
Slide 20: Net income by year
2021 ($228.4 million) 2022 ($194.2 million) 2023 ($152.6 million) 2024 ($71.6 million) 2025 ($2.9 million) Recent Quarterly Net Income Trend: $3.6 million in Q3 2025 $5.2 million in Q4 2025 $2.3 million in Q1 2026 20
Slide 21: Adjusted net income by year
2021 ($175.3 million) 2022 ($146.8 million) 2023 ($97.9 million) 2024 ($31.2 million) 2025 $3.5 million Q1 2026 $2.5 million 21
Slide 22: Cash, debt and key metrics summary
3/31/2026 cash position: $36.6 million 3/31/2026 debt position: $25.0 million 10 consecutive quarters of positive adjusted EBITDA: $69.8 million Adjusted EBITDA: 2025 $30.8 million, Q1 2026 $8.0 million Free cash flow: 2025 $17.4 million; Q1 2026 ($1.7 million) Net income/(loss): 2025 ($
Slide 23: Next Step: upcoming launches
NEXT STEP 10 Minute BODi launched (Dec 2025) New P90X Generation Next launched (Feb 2026) P90X Nutrition Line retail launch with free content o DTC and CRM (Mar 2026), Amazon (2H 2026)* launch Shakeology small size 7-serving $34.95 retail launch (Q2 2026)* o DTC, CRM, Amazon launch P90X &
Slide 24: Closing summary and IR contact
28 years in business $12.5+ billion in cumulative sales Exciting innovation pipeline The total fitness and nutrition solution For more information or questions email IR@bodi.com
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