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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
The Beachbody Company
The Beachbody Company (BODY) investor relations material
The Beachbody Company 28th Annual ICR Conference 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.28th Annual ICR Conference 2026 summary12 Jan, 2026
Company history and market position
Founded in 1998, the company has built over 140 proprietary fitness programs and six nutrition brands, amassing nearly a billion content views and $12 billion in sales since inception.
Operates in the $2.2 trillion combined fitness and nutrition markets, with a content-driven, agile business model.
Turnaround strategy and execution
Initiated a major turnaround in June 2023, shifting from multi-level marketing to a multi-channel approach including direct-to-consumer, Amazon, affiliates, and retail.
Eliminated MLM by Q4 2024, reduced cash break-even from $900 million to $180 million, and cut headcount from over 1,000 to under 300.
Restructured $25 million in debt, reducing interest expense by 44%, and achieved eight consecutive quarters of positive adjusted EBITDA totaling $50 million.
Financial performance and milestones
Free cash flow improved from negative $300 million in 2021 to positive $13.1 million in the first three quarters of 2025.
Adjusted EBITDA swung from a loss of $86 million in 2021 to a positive $18 million in 2025 YTD; net income turned positive in Q3 2025 for the first time since going public.
Cash position exceeds debt by $10 million, with a $34 million cash balance and $25 million in debt as of September 30.
Retail channel's impact on brand exposure?
10-Minute Body's strategy for non-exercisers?
Operating leverage's impact on EBITDA growth?
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Next The Beachbody Company earnings date
Q4 202513 Mar, 2026
The Beachbody Company
Next The Beachbody Company earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
The Beachbody Company Inc provides at-home fitness and nutrition subscription services. Its offerings include streaming workout programs, fitness equipment, and nutritional supplements. The company is headquartered in El Segundo, California, and its shares are listed on the NYSE.
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