The pre-recorded conference call webcast, a related investor presentation with more detailed information regarding the proposed transaction and a transcript of the investor call will also be available at https://www.spacroadone.com/. You can sign up for additional alert options at any time. Beachbody has a proven approach, with entry points across multiple platforms and our long history of successfully acquiring, engaging and retaining subscribers. Peloton Details, Company Total Revenue (in $ million), Head Office, On-demand Fitness Major Market Areas and Its Competitors. Headquartered in Southern California, Beachbody is a worldwide leading digital fitness and nutrition subscription company with over two decades of creating innovative content and powerful brands. No this is one of the few things you dont get a discount on unfortunately. If you want to get in on the action, this book shows you how. Cryptocurrency Investing For Dummies offers trusted guidance on how to make money trading and investing in the top 200 digital currencies, no matter what the market sentiment. Moving forward, we are well positioned to execute on our strategic objectives with over $347 million of cash on our balance sheet, a decision to ramp up connected fitness unit projections, and increase media investment by an incremental $33 million in the second half of 2021 compared to previous forecasts., The digital disruption of fitness is here, unlocking and expanding the total addressable market. In Canada, a Beachbody on Demand membership is $119 a year, $90.87 every 6 months, or $75.20 quarterly. [emailprotected]. #1 NEW YORK TIMES BESTSELLER OVER 3 MILLION COPIES SOLD Do you ever suspect that everyone else has life figured out and you dont have a clue? If so, Rachel Hollis has something to tell you: thats a lie. Forward-looking statements speak only as of the date they are made. Investors Before making any voting decision, investors and security holders of FRX are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. We had over $900 million of revenue The following provinces and territories require a Coach to have a direct sellers license: New Brunswick, Manitoba, Prince Edward Island, Northwest Territories, and Nunavut. WorkSmart Labs was founded in July of 2008 in New York City. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, A diverse portfolio that appeals to a broad consumer base through a holistic approach that brings together at-home, digitally enabled fitness, nutrition and community, Generated 2020 pro forma revenue of $880 million across BOD, Openfit and Myx, which achieved $30 million of revenue in its first year of operations, 2.6 million paid digital fitness subscribers with 96% month over month retention, Industry-leading 89% gross margins on digital subscription revenue across all three brands, The deepest library of premium fitness content in the industry that generates more than 180 million views annually, A premium portfolio of branded nutrition products that are scientifically developed, clinically tested and strategically paired with fitness content for a holistic health and wellness experience, Scalable platform that enables synergies across distribution, marketing and content creation, Management team with over 22 years of experience creating content, acquiring customers and delivering substantial revenue and EBITDA, Well-positioned to unlock accelerated growth and expects to achieve compound annual revenue growth of 30% over the next 5 years. FREE Beachbody On Demand app is available for both iOS and Android. Headquartered in Santa Monica, The Beachbody Company is a worldwide leader in health and fitness, with a 22-year track record of creating innovative content and powerful brands. It is scheduled for 6/24/21 at 10AM Beachbody's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. There has never been a better time to switch to a more sensible wealth-generation strategy. If you want to improve your market returns, spend less time worrying about money and achieve true financial independence, this book is for you. You do get a discount on the programs that come out on Beachbody On Demand and get early access to them so you can record your results and put them on a web page like this ahead of when people will be searching. False Profits is an in-depth examination of the multi-level marketing industry and related illegal pyramid schemes which have grown rapidly in the last 15 years. Due to the impact of COVID-19 on second quarter 2020 results, the Company is also providing comparisons to the second quarter of 2019. By providing your email address below, you are providing consent to The Beachbody Company to send you the requested Investor Email Alert updates. Credit Suisse (USA) LLC (Credit Suisse) is acting as lead capital markets advisor to Beachbody. Openfit provides world-class fitness programs with live trainer-led and on-demand workouts such as Xtend Barre and 4 Weeks of Focus with Shay Mitchell, designed to help subscribers reach any goal with personalized nutrition plans and tracking. In addition to the approximately $300 million held in Forest Roads trust account (assuming no redemptions), institutional investors, including Fidelity Management & Research Company LLC and Fertitta Capital, have committed to a private placement (PIPE) of $225 million to purchase shares of Class A common stock of the combined company that will close concurrently with the business combination. The foregoing list of factors is not exhaustive. Beachbody will continue to be led by Carl Daikeler, Beachbodys co-founder, Chairman and Chief Executive Officer and Jon Congdon, co-founder of Beachbody and CEO of Openfit. Results for the second quarter and six months ended June 30, 2021 include five days of results for Myx. Openfit is a digital streaming platform that integrates fitness, nutrition and wellness together in one place. Peloton On-demand Fitness Product Offered. In addition to its significant organic growth potential, the scale and differentiation of Beachbodys platform will allow us to pursue attractive M&A opportunities in this highly fragmented ecosystem, which will enable us to increase our market share globally and diversify our product offering. Investors are encouraged to review the reconciliation of this non-GAAP financial measure to their most directly comparable GAAP financial measure. FRX also will file other documents regarding the proposed transaction with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the registration statement on Form S-4 discussed below and other documents filed by FRX from time to time with the SEC. The Beachbody Company is the parent company of the Beachbody On Demand streaming platform (BOD), the Openfit live digital streaming platform and MYXfitness, the companys connected fitness brand. 21 Day Fix is an awesome all-around fitness program that gives you a little bit of everything over the 3 week regimine, including cardio, upper body strength, lower body strength, pilates, yoga, abs, and more. While Beachbodys $864 million in sales last year were an improvement on the $756 million in 2019, they represent a steep drop from the $1 billion that With a current balance sheet position of $347 million and no debt, Beachbody intends to use the IPO proceeds to fund a media marketing investment meant to drive brand awareness and support growth. Important Information and Where to Find It. 31.9 % DAU/MAU. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. However, the delay in closing our business combination resulted in us deferring $12 million of media investments and postponing the launch of the MYX bike within our coach ecosystem until the second half of the year, she added. " From Australia to Europe to North America, these are what Chris' clients--some of the best gyms in the world--are doing RIGHT.This is the follow-up to Two-Brain Business, one of the most popular fitness business books of all time. are acting as legal advisors to Beachbody. The transaction is expected to close in the second quarter of 2021 and the combined company will be listed on the NYSE under a new ticker symbol, BODY. Projected revenue is: 2021: $1.12B. 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