
Beachbody
Beachbody, creator of the nation's most popular in-home fitness and weight loss solutions, was founded in 1998 by Beachbody, LLC.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | $300m Valuation: $2.9b 3.3x EV/Revenue -20.7x EV/EBITDA | IPO | |
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | 14 % | 1 % | (21 %) | (24 %) | (21 %) | (41 %) | (6 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | 4 % | (16 %) | (14 %) | (5 %) | 7 % | 7 % | 7 % |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (2 %) | (26 %) | (28 %) | (29 %) | (17 %) | (7 %) | (7 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
R&D % of revenue | 11 % | 14 % | 15 % | 14 % | - | - | - |
Source: Company filings or news article, Equity research estimates
The Beachbody Company, now operating as BODi, is a health and wellness company founded in 1998 by Carl Daikeler and Jon Congdon in Santa Monica, California. Daikeler, leveraging a background in direct marketing and fitness infomercials, and Congdon, an experienced entrepreneur, secured $500,000 in angel investing to launch the business. Their initial strategy centered on providing structured at-home fitness programs via direct-response infomercials, offering an alternative to traditional gym memberships.
The company's business model is multifaceted, historically blending direct-to-consumer sales, a subscription-based digital platform, and a multi-level marketing (MLM) structure. However, as of October 2024, the company announced a significant strategic shift, eliminating its MLM model in favor of a single-level affiliate program and a heightened focus on its direct-to-consumer and e-commerce operations. Revenue is primarily generated through subscriptions to its digital fitness platform, BODi (formerly Beachbody On Demand), and direct sales of nutritional products and supplements like Shakeology and the Beachbody Performance line. The platform operates on a recurring revenue model, with users paying a fee for access to a vast library of fitness programs.
BODi offers a comprehensive suite of digital fitness, nutrition, and mindset content. Its core product is the BODi platform, which provides streaming access to a wide array of workout programs, including well-known titles like P90X, Insanity, and 21 Day Fix. In 2021, the company launched BODi (BOD Interactive), a premium tier offering live and interactive classes, which allows trainers to provide real-time feedback and motivation to members. The platform serves a broad customer base, primarily individuals aged 25-55 interested in health, fitness, and weight management who seek structured and convenient workout solutions. Beyond video content, the company sells a range of nutritional supplements, workout equipment, and accessories designed to complement its fitness programs.
Significant milestones include the launch of the highly successful P90X program in 2005 and Shakeology nutritional supplements in 2007. In 2015, the company pivoted to a digital-first strategy with the launch of Beachbody On Demand, its streaming service. The business went public in 2021 through a three-way merger with Myx Fitness Holdings and a SPAC, valuing the combined entity at $2.9 billion. In March 2023, the company officially rebranded to BODi. Recent financial reports from Q2 2025 show the company navigating a strategic transformation, with a reported revenue of $63.9 million and a focus on improving operational efficiencies and achieving positive free cash flow.
Keywords: home fitness, digital fitness platform, nutritional supplements, at-home workouts, streaming workouts, P90X, Insanity, Shakeology, Carl Daikeler, subscription fitness, BODi, Beachbody On Demand, online fitness, weight management, health and wellness, direct-to-consumer fitness, affiliate marketing, fitness programs, exercise videos, meal plans, personal training apps, connected fitness
Tech stack
Investments by Beachbody
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