The Beachbody Company Stock Is An At Home Fitness Play – Investing.com

The Beachbody Company Stock Is An At Home Fitness Play – Investing.com

Subscription health and wellness platform The Beachbody Company (NYSE:) stock has been steadily falling after its three-way business combination on June 25, 2021. The special purpose acquisition company (SPAC) Forest Acquisition Corp was the vehicle for a reverse merger with The Beachbody on Demand (workout and wellness streaming content and supplements), Openfit (live trainer classes), and Myx Fitness Holdings (connected fitness equipment). The Company was a benefactor during the COVID-19 pandemic as at-home and connected fitness saw exponential growth from the closure of gyms. As the reopening is underway with largest gym operators gaining market share with mom and pop and notably iconic gyms (IE: Gold’s Gym and 24 Hour Fitness) going out of business, investors question whether at-home fitness providers will see a reversion to the normal. Beachbody is a play at home and connected fitness content and nutritional play as its subscription-based model and exclusive content is a boon especially in the winter months when gym goers prefer home workouts and preparing their beach bodies.

Q2 2021 Earnings Release

On Aug. 12, 2021, Beachbody released its fiscal second-quarter 2021 for the quarter ending June 2021. The Company reported an adjusted earnings-per-share (EPS) loss of (-$0.05) as revenues