The Beachbody Co Sees Q4 Revenue $105M-$115M Vs $118.32M Est.
Portfolio Pulse from Benzinga Newsdesk
The Beachbody Co has projected its Q4 2023 revenue to be between $105M and $115M, which is lower than the estimated $118.32M. The company also expects a net loss of between $30M and $25M. Adjusted EBITDA is forecasted to be between a loss of $6M and $1M.
November 07, 2023 | 9:41 pm
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The Beachbody Co's lower than expected Q4 2023 revenue forecast could negatively impact its stock price in the short term.
The Beachbody Co's projected revenue for Q4 2023 is lower than the estimated $118.32M. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
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RELEVANCE 100