Beachbody (BODi)
- 🦄Became a unicorn2021
- 📈Peak valuation$2.9 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$74M
How it happened
Beachbody built a home-fitness empire on programs like P90X and Insanity before pivoting to streaming workouts and connected bikes. It went public in June 2021 through a three-way SPAC merger with Forest Road Acquisition Corp and Myx Fitness that valued the combined company at about $2.9B. As pandemic-era demand for at-home fitness faded and subscriber growth reversed, the stock collapsed more than 99%; in November 2023 the rebranded BODi executed a 1-for-50 reverse split to keep its NYSE listing. Glassdoor reviews from the decline described recurring layoffs, many counting three or four rounds a year, with staff feeling disposable once the company went public, amid frequent, centrally driven strategy shifts.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: SEC / Nasdaq / Businesswire (~$2.9B three-way SPAC merger with Forest Road Acquisition Corp + Myx Fitness, June 2021; 1-for-50 reverse split Nov 2023 to keep NYSE listing)
