The Beachbody Company, Inc. Class A Common Stock Q2 2024 GAAP EPS $(1.59) Beats $(2.15) Estimate, Sales $110.183M Miss $110.719M Estimate
Portfolio Pulse from Benzinga Newsdesk
The Beachbody Company, Inc. (NYSE:BODI) reported Q2 2024 GAAP EPS of $(1.59), beating the estimate of $(2.15). However, sales of $110.183M missed the $110.719M estimate and decreased by 18.35% year-over-year.
August 06, 2024 | 9:25 pm
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The Beachbody Company, Inc. (NYSE:BODI) reported Q2 2024 GAAP EPS of $(1.59), beating the estimate of $(2.15). However, sales of $110.183M missed the $110.719M estimate and decreased by 18.35% year-over-year.
While the EPS beat the estimates significantly, the sales miss and the year-over-year decline in revenue are concerning. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100