Beachbody's MLM Network To Begin Winding Down; Reaffirms Its Financial Guidance For Q3, With Revenue At $97M - $107M, Est $103.586M
Portfolio Pulse from Benzinga Newsdesk
Beachbody is winding down its MLM network and reaffirming its Q3 financial guidance with expected revenue between $97M and $107M. The company anticipates $54M in annualized overhead savings, reducing its revenue break-even point significantly.
September 30, 2024 | 9:21 pm
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Beachbody is winding down its MLM network, reaffirming Q3 revenue guidance of $97M-$107M, and expects $54M in annualized savings, reducing its break-even point.
The winding down of the MLM network and the reaffirmation of financial guidance suggest a strategic shift and cost efficiency, which could positively impact BODI's financial health and investor sentiment in the short term.
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