The Beachbody Company, Inc. (BODI) 10-Q9 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	May 05, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Registrant Name	The Beachbody Company, Inc.
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Central Index Key	0001826889
Entity File Number	001-39735
Entity Tax Identification Number	85-3222090
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	400 Continental Blvd
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	El Segundo,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90245
City Area Code	310
Local Phone Number	883-9000
Entity Shell Company	false
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	BODY
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		169,506,288
Redeemable Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants, each whole warrant exercisable for one Class A common stock at an exercise price of $11.50
Trading Symbol	BODY WS
Security Exchange Name	NYSE
Common Class X [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		141,250,310

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 63,426	$ 104,054
Restricted cash		3,000
Inventory, net	99,993	132,730
Prepaid expenses	16,154	15,861
Other current assets	40,975	43,727
Total current assets	220,548	299,372
Property and equipment, net	102,978	113,098
Content assets, net	39,749	39,347
Goodwill and intangible assets, net	166,947	171,533
Other assets	13,972	14,262
Total assets	544,194	637,612
Current liabilities:
Accounts payable	25,626	48,379
Accrued expenses	69,897	74,525
Deferred revenue	108,977	107,095
Other current liabilities	5,785	6,233
Total current liabilities	210,285	236,232
Deferred tax liabilities	2,382	3,165
Other liabilities	13,300	12,830
Total liabilities	225,967	252,227
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding at March 31, 2022 and December 31, 2021
Additional paid-in capital	616,905	610,418
Accumulated other comprehensive loss	(133)	(21)
Accumulated deficit	(298,576)	(225,043)
Total stockholders' equity	318,227	385,385
Total liabilities and stockholders' equity	544,194	637,612
Class A Common Stock [Member]
Stockholders' equity:
Common stock value	17	17
Class X Common Stock [Member]
Stockholders' equity:
Common stock value	14	14
Class C Common Stock [Member]
Stockholders' equity:
Common stock value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,900,000,000	1,900,000,000
Class A Common Stock [Member]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,600,000,000	1,600,000,000
Common stock, shares issued	169,465,971	168,333,463
Common stock, shares outstanding	169,465,971	168,333,463
Class X Common Stock [Member]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	141,250,310	141,250,310
Common stock, shares outstanding	141,250,310	141,250,310
Class C Common Stock [Member]
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Revenue	$ 198,922	$ 226,219
Cost of revenue:
Cost of Revenue	105,905	68,117
Gross Profit	93,017	158,102
Operating expenses:
Selling and marketing	106,444	144,696
Enterprise technology and development	33,697	27,089
General and administrative	20,073	17,946
Restructuring	7,223
Total operating expenses	167,437	189,731
Operating loss	(74,420)	(31,629)
Other income (expense):
Change in fair value of warrant liabilities	264
Interest expense	(19)	(123)
Other income (expense), net	(64)	1,299
Loss before income taxes	(74,239)	(30,453)
Income tax benefit	706	395
Net loss	$ (73,533)	$ (30,058)
Net loss per common share, basic and diluted	$ (0.24)	$ (0.12)
Weighted-average common shares outstanding, basic and diluted	306,362,730	243,012,924
Digital [Member]
Revenue:
Revenue	$ 81,745	$ 95,150
Cost of revenue:
Cost of Revenue	16,425	11,122
Connected Fitness [Member]
Revenue:
Revenue	19,513
Cost of revenue:
Cost of Revenue	44,706
Nutrition And Other [Member]
Revenue:
Revenue	97,664	131,069
Cost of revenue:
Cost of Revenue	$ 44,774	$ 56,995

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (73,533)	$ (30,058)
Other comprehensive income (loss):
Change in fair value of derivative financial instruments, net of tax	(185)	(109)
Reclassification of losses on derivative financial instruments included in net loss	69	167
Foreign currency translation adjustment	4	42
Total other comprehensive income (loss)	(112)	100
Total comprehensive loss	$ (73,645)	$ (29,958)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Accumulated Deficit) [Member]
Beginning balance at Dec. 31, 2020	$ 99,258	$ 24	$ 96,097	$ (202)	$ 3,339
Beginning balance, Shares at Dec. 31, 2020		243,013
Net loss	(30,058)				(30,058)
Other comprehensive income (loss)	100			100
Equity-based compensation	2,573		2,573
Ending balance at Mar. 31, 2021	71,873	$ 24	98,670	(102)	(26,719)
Ending balance, shares at Mar. 31, 2021		243,013
Beginning balance at Dec. 31, 2021	385,385	$ 31	610,418	(21)	(225,043)
Beginning balance, Shares at Dec. 31, 2021		309,584
Net loss	(73,533)				(73,533)
Other comprehensive income (loss)	(112)			(112)
Equity-based compensation	4,564		4,564
Options exercised, net of tax withholdings	1,923		1,923
Options exercised, net of tax withholdings, Shares		1,132
Ending balance at Mar. 31, 2022	$ 318,227	$ 31	$ 616,905	$ (133)	$ (298,576)
Ending balance, shares at Mar. 31, 2022		310,716

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (73,533)	$ (30,058)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	21,587	13,726
Amortization of content assets	6,164	2,817
Provision for inventory and net realizable value adjustment	16,896	2,040
Realized losses on hedging derivative financial instruments	69	167
Gain on investment in convertible instrument		(1,379)
Change in fair value of warrant liabilities	(264)
Equity-based compensation	4,564	2,573
Deferred income taxes	(808)	(528)
Other non-cash items	91
Changes in operating assets and liabilities:
Inventory	15,887	(2,321)
Content assets	(6,448)	(7,425)
Prepaid expenses	(293)	(2,139)
Other assets	2,895	(8,476)
Accounts payable	(20,752)	7,137
Accrued expenses	(1,386)	6,136
Deferred revenue	2,370	9,224
Other liabilities	(410)	(374)
Net cash used in operating activities	(33,371)	(8,880)
Cash flows from investing activities:
Purchase of property and equipment	(12,403)	(13,299)
Investment in convertible instrument		(5,000)
Net cash used in investing activities	(12,403)	(18,299)
Cash flows from financing activities:
Proceeds from exercise of stock options	2,115
Remittance of taxes withheld from employee stock awards	(192)
Borrowings under Credit Facility		20,000
Deferred financing costs		(2,242)
Net cash provided by financing activities	1,923	17,758
Effect of exchange rates on cash	223	243
Net decrease in cash and cash equivalents	(43,628)	(9,178)
Cash, cash equivalents and restricted cash, beginning of period	107,054	56,827
Cash, cash equivalents and restricted cash, end of period	63,426	47,649
Supplemental disclosure of cash flow information:
Cash paid during the year for interest	10	58
Cash paid during the year for income taxes, net	32	16
Supplemental disclosure of noncash investing activities:
Property and equipment acquired but not yet paid for	$ 4,225	6,196
Supplemental disclosure of noncash financing activities:
Deferred financing costs, accrued but not paid		$ 3,812

Description of Business and Sum

Description of Business and Summary of Accounting Policies	3 Months Ended
Description of Business and Summary of Accounting Policies	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Accounting Policies	1. Description of Business and Summary of Significant Accounting Policies Business The Beachbody Company, Inc. (“Beachbody” or the “Company”) is a leading subscription health and wellness company and the creator of some of the world’s most popular fitness programs. The Company’s fitness programs are available for streaming through subscription to the Beachbody On Demand (“BOD”) or Openfit digital platform, and, together with the Company’s live fitness and comprehensive nutrition programs, through subscription to Beachbody On Demand Interactive (“BODi”). Beachbody offers nutritional products such as Shakeology nutrition shakes, BEACHBAR snack bars, and Ladder premium supplements, which have been designed and clinically tested to help customers achieve their goals. Beachbody also offers a professional-grade stationary cycle with a 360-degree touch screen tablet and connected fitness software. The Company’s revenue has historically been generated primarily through a network of micro-influencers (“Coaches”), social media marketing channels, and direct response advertising. During the three months ended March 31, 2022, the Company began the process of consolidating its Openfit streaming fitness offering onto a single Beachbody digital platform. See Note 13, Strategic Realignment , for additional information regarding our strategic realignment initiative. Basis of Presentation and Principles of Consolidation The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and pursuant to the regulations of the U.S. Securities and Exchange Commission (“SEC”). The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that impact the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Significant estimates include, but are not limited to, the useful life and recoverability of long-lived assets, the recognition and measurement of income tax assets and liabilities, and the net realizable value of inventory. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgements about the carrying amounts of assets and liabilities. Actual results could differ from those estimates. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary for the fair statement of the Company’s financial position, results of operations, and cash flows. The financial data and other financial information disclosed in the notes to these unaudited condensed consolidated financial statements are also unaudited. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Interim results are not necessarily indicative of the results expected for the full fiscal year or any other period. Summary of Changes in Significant Accounting Estimates Goodwill and Intangible Assets, Net During the three months ended March 31, 2022, the Company determined that one of its acquired trade names no longer has an indefinite life. The Company tested the trade name for impairment before changing the useful life and determined there was no impairment based on its assessment of fair value. The Company will prospectively amortize the trade name over its remaining estimated useful life of two years beginning January 1, 2022. The Company recorded $ 1.9 million, $ 0.01 per share, of amortization expense as a component of selling and marketing expenses for this trade name during the three months ended March 31, 2022. Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) , to simplify the accounting for certain financial instruments with characteristics of liabilities and equity. The FASB reduced the number of accounting models for convertible debt and convertible preferred stock instruments and made certain disclosure amendments to improve the information provided to users. In addition, the FASB amended the derivative guidance for the “own stock” scope exception and certain aspects of the EPS guidance. The Company adopted this new accounting guidance on January 1, 2022 , and the adoption did no t have a material effect on its unaudited condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires an acquirer to apply ASC 606 to recognize and measure contract assets and liabilities from contracts with customers acquired in a business combination on the acquisition date rather than the general guidance in ASC 805. The guidance in this update will be effective for public companies for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years with early adoption permitted. The Company is evaluating the potential impact of adopting this guidance on its consolidated financial statements.

Revenue

Revenue	3 Months Ended
Revenue	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	2 . Revenue The Company’s revenue disaggregated by revenue type and geographic region is as follows (in thousands): Segment Beachbody Other Total Three Months Ended March 31, 2022 Revenue Type: Digital $ 74,642 $ 7,103 $ 81,745 Connected fitness 14,489 5,024 19,513 Nutrition and other 96,976 688 97,664 Total revenue $ 186,107 $ 12,815 $ 198,922 Geographic region: United States $ 165,792 $ 12,815 $ 178,607 Rest of world 1 20,315 — 20,315 Total revenue $ 186,107 $ 12,815 $ 198,922 Segment Beachbody Other Total Three Months Ended March 31, 2021 Revenue Type: Digital $ 91,445 $ 3,705 $ 95,150 Connected fitness — — — Nutrition and other 130,305 764 131,069 Total revenue $ 221,750 $ 4,469 $ 226,219 Geographic region: United States $ 198,247 $ 4,469 $ 202,716 Rest of world 1 23,503 — 23,503 Total revenue $ 221,750 $ 4,469 $ 226,219 (1) Consists of Canada, United Kingdom, and France. No single country accounted for more than 10% of total revenue during the three months ended March 31, 2022 and 2021. Deferred Revenue Deferred revenue is recorded for nonrefundable cash payments received for the Company’s performance obligation to transfer, or stand ready to transfer, goods or services in the future. Deferred revenue consists of subscription fees billed that have not been recognized and physical products sold that have not yet been delivered. During the three months ended March 31, 2022, the Company recognized $ 62.5 million of revenue that was included in the deferred revenue balance as of December 31, 2021. During the three months ended March 31, 2021, the Company recognized $ 55.6 million of revenue that was included in the deferred revenue balance as of December 31, 2020.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	3 . Fair Value Measurements The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands): March 31, 2022 Level 1 Level 2 Level 3 Assets Derivative assets $ — $ 109 $ — Total assets $ — $ 109 $ — Liabilities Public warrants $ 2,650 $ — $ — Private placement warrants — — 1,920 Total liabilities $ 2,650 $ — $ 1,920 December 31, 2021 Level 1 Level 2 Level 3 Assets Derivative assets $ — $ 314 $ — Total assets $ — $ 314 $ — Liabilities Public warrants $ 2,701 $ — $ — Private placement warrants — — 2,133 Total liabilities $ 2,701 $ — $ 2,133 Fair values of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate the recorded value due to the short period of time to maturity. The fair value of the public warrants, which trade in active markets, is based on quoted market prices. The fair value of derivative instruments is based on Level 2 inputs such as observable forward rates, spot rates, and foreign currency exchange rates. The Company’s private placement warrants are classified within Level 3 of the fair value hierarchy because their fair values are based on significant inputs that are unobservable in the market. Private Placement Warrants The Company determined the fair value of the private placement warrants using a Black-Scholes option-pricing model and the quoted price of the Company’s Class A Common Stock. Volatility was based on the implied volatility derived from the average of the actual market activity of the Company’s peer group. The expected life was based on the remaining contractual term of the private placement warrants, and the risk-free interest rate was based on the implied yield available on U.S. treasury securities with a maturity equivalent to the warrants’ expected life. The significant unobservable input used in the fair value measurement of the private placement warrants is the implied volatility. Significant changes in the implied volatility would result in a significantly higher or lower fair value measurement, respectively. The following table presents significant assumptions utilized in the valuation of the private placement warrants on March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Risk-free rate 2.4 % 1.2 % Dividend yield rate — — Volatility 65.0 % 65.0 % Contractual term (in years) 4.24 4.49 Exercise price $ 11.50 $ 11.50 The following table presents changes in the fair value of the Private Placement Warrants for the three months ended March 31, 2022: Three Months Ended March 31, 2022 Balance, beginning of period $ 2,133 Change in fair value ( 213 ) Balance, end of period $ 1,920 For the three months ended March 31, 2022, the change in the fair value of private placement warrants resulted from the change in price of the Company’s Class A Common Stock, remaining contractual term, and risk-free rate. The changes in fair value are included in the unaudited condensed consolidated statements of operations as a component of change in fair value of warrant liabilities and in the unaudited condensed consolidated balance sheets as other liabilities.

Inventory, Net

Inventory, Net	3 Months Ended
Inventory, Net	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventory, Net	4 . Inventory, Net Inventory, net consists of the following (in thousands): March 31, 2022 December 31, 2021 Raw materials and work in process $ 22,809 $ 24,436 Finished goods 77,184 108,294 Total inventory, net $ 99,993 $ 132,730 Adjustments to the carrying value of excess inventory and inventory on hand to net realizable value were $ 16.9 million and $ 2.0 million during the three months ended March 31, 2022 and 2021, respectively. These adjustments are included in the unaudited condensed consolidated statements of operations as a component of connected fitness cost of revenue and nutrition and other cost of revenue .

Other Current Assets

Other Current Assets	3 Months Ended
Other Current Assets	Mar. 31, 2022
Other Current Assets [Abstract]
Other Current Assets	5 . Other Current Assets Other current assets consist of the following (in thousands): March 31, 2022 December 31, 2021 Deferred coach costs $ 33,523 $ 30,928 Deposits 3,617 8,915 Accounts receivable, net 1,296 1,225 Other 2,539 2,659 Total other current assets $ 40,975 $ 43,727

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
Property and Equipment, Net	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	6 . Property and Equipment, Net Property and equipment, net consists of the following (in thousands): March 31, 2022 December 31, 2021 Computer software and web development $ 252,276 $ 231,943 Computer equipment 23,552 23,691 Buildings 5,158 5,158 Leasehold improvements 4,600 5,157 Furniture, fixtures and equipment 2,164 2,442 Computer software and web development projects in-process 10,225 26,490 Property and equipment, gross 297,975 294,881 Less: Accumulated depreciation ( 194,997 ) ( 181,783 ) Total property and equipment, net $ 102,978 $ 113,098 All of the Company’s property and equipment is located in the U.S. The Company recorded depreciation expense related to property and equipment in the following expense categories of its unaudited condensed consolidated statements of operations as follows (in thousands): Three Months Ended March 31, 2022 2021 Cost of revenue $ 9,081 $ 3,738 Selling and marketing 279 451 Enterprise technology and development 7,449 7,311 General and administrative 192 646 Total depreciation $ 17,001 $ 12,146

Acquisition

Acquisition	3 Months Ended
Acquisition	Mar. 31, 2022
Business Combinations [Abstract]
Acquisition	7 . Acquisition On June 25, 2021, the Company acquired 100 % of the equity of Myx pursuant to the Business Combination Agreement. The Company recognized the acquired assets and assumed liabilities of Myx based on estimates of their acquisition date fair values. There were no adjustments to the purchase price allocations during the three months ended March 31, 2022. The following unaudited pro forma financial information presents the combined results of operations of the Company and Myx as if the companies had been combined as of January 1, 2021. The unaudited pro forma financial information includes the accounting effects of the business combination, including amortization of intangible assets. The unaudited pro forma financial information is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the period presented, nor should it be taken as indication of the Company’s future consolidated results of operations. (in thousands) Three Months Ended March 31, 2021 Pro forma combined: Revenue $ 243,257 Net loss ( 42,385 )

Accrued Expenses

Accrued Expenses	3 Months Ended
Accrued Expenses	Mar. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	8 . Accrued Expenses Accrued expenses consist of the followings (in thousands): March 31, 2022 December 31, 2021 Employee compensation and benefits $ 20,956 $ 8,996 Coach costs 13,889 19,168 Inventory, shipping and fulfillment 12,891 14,360 Information technology 5,896 10,150 Sales and other taxes 5,013 5,097 Advertising 1,867 4,033 Customer service expenses 1,161 1,773 Other accrued expenses 8,224 10,948 Total accrued expenses $ 69,897 $ 74,525

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9 . Commitments and Contingencies Inventory Purchase and Service Agreements The Company has noncancelable inventory purchase and service agreements with multiple service providers which expire at varying dates through 2025. Service agreement obligations include amounts related to fitness and nutrition trainers, future events, information systems support, and other technology projects. Future minimum payments under noncancelable service and inventory purchase agreements for the periods succeeding March 31, 2022 are as follows (in thousands): Nine months ending December 31, 2022 $ 35,696 Year ending December 31, 2023 2,693 Year ending December 31, 2024 1,260 Year ending December 31, 2025 1,250 $ 40,899 The preceding table excludes royalty payments to fitness trainers, talent, and others that are based on future sales as such amounts cannot be reasonably estimated. Contingencies The Company is subject to litigation from time to time in the ordinary course of business. Such claims typically involve its products, intellectual property, and relationships with suppliers, customers, distributors, employees, and others. Contingent liabilities are recorded when it is both probable that a loss has occurred and the amount of the loss can be reasonable estimated. Although it is not possible to predict how litigation and other claims will be resolved, the Company does not believe that any currently identified claims or litigation matters will have a material adverse effect on its consolidated financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	10 . Stockholders’ Equity As of March 31, 2022, 2,000,000,000 shares, $ 0.0001 par value per share are authorized, of which, 1,600,000,000 shares are designated as Class A Common Stock, 200,000,000 shares are designated as Class X Common Stock, 100,000,000 shares are designated as Class C Common Stock and 100,000,000 shares are designated as Preferred Stock. Accumulated Other Comprehensive Income (Loss) The following tables summarize changes in accumulated other comprehensive income (loss), net of tax (in thousands): Unrealized Gain (Loss) on Derivatives Foreign Currency Translation Adjustment Total Balances at December 31, 2020 $ ( 246 ) $ 44 $ ( 202 ) Other comprehensive loss before reclassifications ( 92 ) 42 ( 50 ) Amounts reclassified from accumulated other comprehensive income (loss) 167 — 167 Tax effect ( 17 ) — ( 17 ) Balances at March 31, 2021 $ ( 188 ) $ 86 $ ( 102 ) Balances at December 31, 2021 $ ( 32 ) $ 11 $ ( 21 ) Other comprehensive loss before reclassifications ( 162 ) 4 ( 158 ) Amounts reclassified from accumulated other comprehensive income (loss) 69 — 69 Tax effect ( 23 ) — ( 23 ) Balances at March 31, 2022 $ ( 148 ) $ 15 $ ( 133 )

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
Equity-Based Compensation	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	11 . Equity-Based Compensation Equity Compensation Plans A summary of the option activity under the Company's equity compensation plans is as follows: Options Outstanding Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 41,753,042 $ 3.86 5.92 $ 11,379 Granted 616,445 1.86 Exercised ( 1,132,508 ) 1.70 Forfeited ( 2,562,902 ) 5.86 Outstanding at March 31, 2022 38,674,077 $ 3.76 5.52 $ 8,992 Exercisable at March 31, 2022 23,452,472 $ 2.22 3.56 $ 8,432 The intrinsic value of options exercised was $ 0.5 million for the three months ended March 31, 2022. A summary of RSU activity is as follows: RSUs Outstanding Number of RSUs Weighted-Average Fair Value Outstanding at December 31, 2021 573,678 $ 5.97 Granted — — Forfeited ( 251,082 ) 4.62 Outstanding at March 31, 2022 322,596 $ 7.03 On January 1, 2022, the number of shares available for issuance under the 2021 Incentive Award Plan (the “2021 Plan”) increased by 15,479,188 pursuant to the terms of the 2021 Plan. As of March 31, 2022, 36,919,023 shares of Class A Common Stock were available for issuance under the 2021 Plan. Equity-Based Compensation Expense The fair value of each award as of the date of grant is estimated using a Black-Scholes option-pricing model. The following table summarizes the weighted-average assumptions used to determine the fair value of option grants: Three Months Ended March 31, 2022 2021 Risk-free rate 1.7 % 0.7 % Dividend yield rate — — Volatility 52.3 % 53.9 % Expected term (in years) 6.20 6.20 Weighted-average grant date fair value $ 0.95 $ 16.50 Equity-based compensation expense for the three months ended March 31, 2022 and 2021 was as follows (in thousands): Three Months Ended March 31, 2022 2021 Cost of revenue $ 335 $ 91 Selling and marketing 1,639 1,717 Enterprise technology and development 927 306 General and administrative 1,663 459 Total equity-based compensation $ 4,564 $ 2,573 As of March 31, 2022, the total unrecognized equity-based compensation expense was $ 50.7 million , which will be recognized over a weighted-average remaining period of 2.95 years.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	12 . Derivative Financial Instruments As of March 31, 2022 and December 31, 2021, the notional amount of the Company’s outstanding foreign exchange options was $ 21.5 million and $ 30.4 million , respectively. There were no outstanding forward contracts as of March 31, 2022 and December 31, 2021. The following table shows the pre-tax effects of the Company’s derivative instruments on its unaudited condensed consolidated statements of operations (in thousands): Three Months Ended March 31, Financial Statement Line Item 2022 2021 Unrealized losses Other comprehensive income (loss) $ ( 162 ) $ ( 92 ) Losses reclassified from accumulated other Cost of revenue $ ( 30 ) $ ( 73 ) comprehensive loss into net loss General and administrative ( 39 ) ( 94 ) Total amounts reclassified $ ( 69 ) $ ( 167 ) Losses recognized on derivatives Cost of revenue $ ( 51 ) $ ( 21 )

Strategic Realignment

Strategic Realignment	3 Months Ended
Strategic Realignment	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Strategic Realignment	13 . Strategic Realignment In January 2022, the Company commenced a strategic alignment initiative to consolidate its streaming fitness offerings into a single Beachbody platform. The Company recognized restructuring costs of $ 7.2 million during the three months ended March 31, 2022, comprised primarily of termination benefits related to headcount reductions, of which $ 4.6 million is included in accrued expenses in the unaudited condensed consolidated balance sheets. In accordance with GAAP, employee termination benefits were recognized at the date employees were notified and post-employment benefits were accrued as the obligation was probable and estimable. Benefits for employees who provide future service greater than 60 days from the date of notification will be recognized ratably over the future service period. The following table summarizes the Company’s restructuring costs activity (in thousands): Restructuring Charges Payments / Utilizations Liability at March 31, 2022 Employee-related costs $ 7,223 $ ( 2,605 ) $ 4,618 Total costs $ 7,223 $ ( 2,605 ) $ 4,618 During the three months ended March 31, 2022, the Company determined that the useful life of certain computer software and web development assets and content assets would end upon the completion of its platform consolidation. The Company accelerated depreciation of these computer software and web development assets and recorded $ 2.2 million, or $ 0.01 per share, of additional depreciation expense as a component of digital cost of revenue, and nutrition and other cost of revenue during the three months ended March 31, 2022. The Company also accelerated amortization of these content assets and recorded $ 1.1 million, or $ 0.00 per share, of additional amortization as a component of digital cost of revenue during the three months ended March 31, 2022.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	14 . Income Taxes The Company recorded a benefit for income taxes of $ 0.7 million for the three months ended March 31, 2022 and $ 0.4 million for the three months ended March 31, 2021. The effective benefit tax rate was 1.0 % for the three months ended March 31, 2022 and 1.3 % for the three months ended March 31, 2021. The tax provision for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items arising in that quarter. The Company’s effective tax rate differs from the U.S. statutory tax rate in the three months ended March 31, 2022 primarily due to changes in valuation allowances on deferred tax assets as it is more likely than not that some or all of the Company’s deferred tax assets will not be realized. The Company evaluates its tax positions on a quarterly basis and revises its estimate accordingly. There are no material changes to the Company’s uncertain tax positions, interest, or penalties during the three months ended March 31, 2022.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
Earnings (Loss) Per Share	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	15 . Earnings (Loss) per Share The computation of loss per share of Class A and Class X Common Stock is as follows (in thousands, except share and per share information): Three Months Ended March 31, 2022 2021 Numerator: Net loss $ ( 73,533 ) $ ( 30,058 ) Denominator: Weighted-average common shares outstanding, basic and diluted 306,362,730 243,012,924 Net loss per common share, basic and diluted $ ( 0.24 ) $ ( 0.12 ) Basic net loss per common share is the same as dilutive net loss per common share for each of the three months ended March 31, 2022 and 2021 as the inclusion of all potential common shares would have been antidilutive. The following table presents the common shares that are excluded from the computation of diluted net loss per common share as of the periods presented because including them would have been antidilutive: Three Months Ended March 31, 2022 2021 Options 38,674,077 34,635,709 RSUs 322,596 — Compensation warrants 3,980,656 3,980,656 Public and private placement warrants 15,333,333 — Preferred units — 33,828,033 Earn-out shares 3,750,000 — 62,060,662 72,444,398

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	16 . Segment Information The Company applies ASC 280, Segment Reporting , in determining reportable segments for financial statement disclosure. Segment information is presented based on the financial information the Company uses to manage the business which is organized around the Company's digital platforms. The Company has two operating segments, Beachbody and Other, and one reportable segment, Beachbody. The Beachbody segment primarily derives revenue from BOD and BODi digital subscriptions, nutritional products, connected fitness equipment (bikes and accessories), and other fitness-related products. Other derives revenue primarily from Openfit digital subscriptions, nutritional products, and connected fitness equipment. The Company uses contribution as a measure of profit or loss, defined as revenue less directly attributable cost of revenue and certain selling and marketing expenses including media, Coach and social influencer compensation, royalties, and third-party sales commissions. Contribution does not include allocated costs as described below as the CODM does not include these costs in assessing performance. There are no inter-segment transactions. The Company manages its assets on a consolidated basis, and, as such, does not report asset information by segment. Summary information by segment is as follows (in thousands): Segment Beachbody Other Consolidated Three Months Ended March 31, 2022 Revenue $ 186,107 $ 12,815 $ 198,922 Contribution 28,091 ( 1,376 ) 26,715 Three Months Ended March 31, 2021 Revenue $ 221,750 $ 4,469 $ 226,219 Contribution 46,475 ( 5,135 ) 41,340 Reconciliation of consolidated contribution to loss before income taxes (in thousands): Three Months Ended March 31, 2022 2021 Consolidated contribution $ 26,715 $ 41,340 Amounts not directly related to segments: Cost of revenue (1) 13,823 7,843 Selling and marketing (2) 26,319 20,091 Enterprise technology and development 33,697 27,089 General and administrative 20,073 17,946 Restructuring 7,223 — Change in fair value of warrant liabilities ( 264 ) — Interest expense 19 123 Other expense (income), net 64 ( 1,299 ) Loss before income taxes $ ( 74,239 ) $ ( 30,453 ) (1) Cost of revenue not directly related to segments includes certain allocated costs related to management, facilities, and personnel-related expenses associated with quality assurance and supply chain. Depreciation of certain software and production equipment and amortization of formulae and technology-based intangible assets are also included in this line. (2) Selling and marketing not directly related to segments includes indirect selling and marketing expenses and certain allocated personnel-related expenses for employees and consultants. Depreciation of certain software and amortization of contract-based intangible assets and an acquired trade name are also included in this line.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	17 . Subsequent Events The Company has evaluated subsequent events through the date the unaudited condensed consolidated financial statements were issued.

Description of Business and S_2

Description of Business and Summary of Accounting Policies (Polices)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The Company prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and pursuant to the regulations of the U.S. Securities and Exchange Commission (“SEC”). The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that impact the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Significant estimates include, but are not limited to, the useful life and recoverability of long-lived assets, the recognition and measurement of income tax assets and liabilities, and the net realizable value of inventory. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgements about the carrying amounts of assets and liabilities. Actual results could differ from those estimates. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary for the fair statement of the Company’s financial position, results of operations, and cash flows. The financial data and other financial information disclosed in the notes to these unaudited condensed consolidated financial statements are also unaudited. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Interim results are not necessarily indicative of the results expected for the full fiscal year or any other period.
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net During the three months ended March 31, 2022, the Company determined that one of its acquired trade names no longer has an indefinite life. The Company tested the trade name for impairment before changing the useful life and determined there was no impairment based on its assessment of fair value. The Company will prospectively amortize the trade name over its remaining estimated useful life of two years beginning January 1, 2022. The Company recorded $ 1.9 million, $ 0.01 per share, of amortization expense as a component of selling and marketing expenses for this trade name during the three months ended March 31, 2022.
Recently Adopted Accounting Pronouncements or Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) , to simplify the accounting for certain financial instruments with characteristics of liabilities and equity. The FASB reduced the number of accounting models for convertible debt and convertible preferred stock instruments and made certain disclosure amendments to improve the information provided to users. In addition, the FASB amended the derivative guidance for the “own stock” scope exception and certain aspects of the EPS guidance. The Company adopted this new accounting guidance on January 1, 2022 , and the adoption did no t have a material effect on its unaudited condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires an acquirer to apply ASC 606 to recognize and measure contract assets and liabilities from contracts with customers acquired in a business combination on the acquisition date rather than the general guidance in ASC 805. The guidance in this update will be effective for public companies for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years with early adoption permitted. The Company is evaluating the potential impact of adopting this guidance on its consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The Company’s revenue disaggregated by revenue type and geographic region is as follows (in thousands): Segment Beachbody Other Total Three Months Ended March 31, 2022 Revenue Type: Digital $ 74,642 $ 7,103 $ 81,745 Connected fitness 14,489 5,024 19,513 Nutrition and other 96,976 688 97,664 Total revenue $ 186,107 $ 12,815 $ 198,922 Geographic region: United States $ 165,792 $ 12,815 $ 178,607 Rest of world 1 20,315 — 20,315 Total revenue $ 186,107 $ 12,815 $ 198,922 Segment Beachbody Other Total Three Months Ended March 31, 2021 Revenue Type: Digital $ 91,445 $ 3,705 $ 95,150 Connected fitness — — — Nutrition and other 130,305 764 131,069 Total revenue $ 221,750 $ 4,469 $ 226,219 Geographic region: United States $ 198,247 $ 4,469 $ 202,716 Rest of world 1 23,503 — 23,503 Total revenue $ 221,750 $ 4,469 $ 226,219 (1) Consists of Canada, United Kingdom, and France. No single country accounted for more than 10% of total revenue during the three months ended March 31, 2022 and 2021.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Summary of Fair Value Measurements, Recurring and Nonrecurring	The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands): March 31, 2022 Level 1 Level 2 Level 3 Assets Derivative assets $ — $ 109 $ — Total assets $ — $ 109 $ — Liabilities Public warrants $ 2,650 $ — $ — Private placement warrants — — 1,920 Total liabilities $ 2,650 $ — $ 1,920 December 31, 2021 Level 1 Level 2 Level 3 Assets Derivative assets $ — $ 314 $ — Total assets $ — $ 314 $ — Liabilities Public warrants $ 2,701 $ — $ — Private placement warrants — — 2,133 Total liabilities $ 2,701 $ — $ 2,133
Summary of Fair Value of Significant Assumptions Utilized in the Valuation	The following table presents significant assumptions utilized in the valuation of the private placement warrants on March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 Risk-free rate 2.4 % 1.2 % Dividend yield rate — — Volatility 65.0 % 65.0 % Contractual term (in years) 4.24 4.49 Exercise price $ 11.50 $ 11.50
Summary of Change in the Fair Value of the Warrants	The following table presents changes in the fair value of the Private Placement Warrants for the three months ended March 31, 2022: Three Months Ended March 31, 2022 Balance, beginning of period $ 2,133 Change in fair value ( 213 ) Balance, end of period $ 1,920

Inventory, Net (Tables)

Inventory, Net (Tables)	3 Months Ended
Inventory, Net (Tables)	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventory, net consists of the following (in thousands): March 31, 2022 December 31, 2021 Raw materials and work in process $ 22,809 $ 24,436 Finished goods 77,184 108,294 Total inventory, net $ 99,993 $ 132,730

Other Current Assets (Table)

Other Current Assets (Table)	3 Months Ended
Other Current Assets (Table)	Mar. 31, 2022
Other Current Assets [Abstract]
Summary of Other Current Assets	Other current assets consist of the following (in thousands): March 31, 2022 December 31, 2021 Deferred coach costs $ 33,523 $ 30,928 Deposits 3,617 8,915 Accounts receivable, net 1,296 1,225 Other 2,539 2,659 Total other current assets $ 40,975 $ 43,727

Property and equipment, net (Ta

Property and equipment, net (Tables)	3 Months Ended
Property and equipment, net (Tables)	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Property and equipment, net	Property and equipment, net consists of the following (in thousands): March 31, 2022 December 31, 2021 Computer software and web development $ 252,276 $ 231,943 Computer equipment 23,552 23,691 Buildings 5,158 5,158 Leasehold improvements 4,600 5,157 Furniture, fixtures and equipment 2,164 2,442 Computer software and web development projects in-process 10,225 26,490 Property and equipment, gross 297,975 294,881 Less: Accumulated depreciation ( 194,997 ) ( 181,783 ) Total property and equipment, net $ 102,978 $ 113,098
Summary of depreciation expense related to property and equipment	The Company recorded depreciation expense related to property and equipment in the following expense categories of its unaudited condensed consolidated statements of operations as follows (in thousands): Three Months Ended March 31, 2022 2021 Cost of revenue $ 9,081 $ 3,738 Selling and marketing 279 451 Enterprise technology and development 7,449 7,311 General and administrative 192 646 Total depreciation $ 17,001 $ 12,146

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
Acquisition (Tables)	Mar. 31, 2022
Business Acquisition [Line Items]
Summary of Business Acquisition Pro Forma Information	(in thousands) Three Months Ended March 31, 2021 Pro forma combined: Revenue $ 243,257 Net loss ( 42,385 )

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
Accrued Expenses (Tables)	Mar. 31, 2022
Payables and Accruals [Abstract]
Summary of Accrued Expenses	Accrued expenses consist of the followings (in thousands): March 31, 2022 December 31, 2021 Employee compensation and benefits $ 20,956 $ 8,996 Coach costs 13,889 19,168 Inventory, shipping and fulfillment 12,891 14,360 Information technology 5,896 10,150 Sales and other taxes 5,013 5,097 Advertising 1,867 4,033 Customer service expenses 1,161 1,773 Other accrued expenses 8,224 10,948 Total accrued expenses $ 69,897 $ 74,525

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2022
Purchase Obligation, Fiscal Year Maturity [Abstract]
Summary of Purchase Obligation, Fiscal Year Maturity	Future minimum payments under noncancelable service and inventory purchase agreements for the periods succeeding March 31, 2022 are as follows (in thousands): Nine months ending December 31, 2022 $ 35,696 Year ending December 31, 2023 2,693 Year ending December 31, 2024 1,260 Year ending December 31, 2025 1,250 $ 40,899

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Summarize Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax	The following tables summarize changes in accumulated other comprehensive income (loss), net of tax (in thousands): Unrealized Gain (Loss) on Derivatives Foreign Currency Translation Adjustment Total Balances at December 31, 2020 $ ( 246 ) $ 44 $ ( 202 ) Other comprehensive loss before reclassifications ( 92 ) 42 ( 50 ) Amounts reclassified from accumulated other comprehensive income (loss) 167 — 167 Tax effect ( 17 ) — ( 17 ) Balances at March 31, 2021 $ ( 188 ) $ 86 $ ( 102 ) Balances at December 31, 2021 $ ( 32 ) $ 11 $ ( 21 ) Other comprehensive loss before reclassifications ( 162 ) 4 ( 158 ) Amounts reclassified from accumulated other comprehensive income (loss) 69 — 69 Tax effect ( 23 ) — ( 23 ) Balances at March 31, 2022 $ ( 148 ) $ 15 $ ( 133 )

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
Equity-Based Compensation (Tables)	Mar. 31, 2022
Schedule of Share Based Compensation Activity [Abstract]
Summary of the Option Activity under the Equity Compensation Plans	A summary of the option activity under the Company's equity compensation plans is as follows: Options Outstanding Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2021 41,753,042 $ 3.86 5.92 $ 11,379 Granted 616,445 1.86 Exercised ( 1,132,508 ) 1.70 Forfeited ( 2,562,902 ) 5.86 Outstanding at March 31, 2022 38,674,077 $ 3.76 5.52 $ 8,992 Exercisable at March 31, 2022 23,452,472 $ 2.22 3.56 $ 8,432
Summary of RSU Activity	A summary of RSU activity is as follows: RSUs Outstanding Number of RSUs Weighted-Average Fair Value Outstanding at December 31, 2021 573,678 $ 5.97 Granted — — Forfeited ( 251,082 ) 4.62 Outstanding at March 31, 2022 322,596 $ 7.03
Summary of Assumptions Used to Determine the Fair Value of Option Grants	The fair value of each award as of the date of grant is estimated using a Black-Scholes option-pricing model. The following table summarizes the weighted-average assumptions used to determine the fair value of option grants: Three Months Ended March 31, 2022 2021 Risk-free rate 1.7 % 0.7 % Dividend yield rate — — Volatility 52.3 % 53.9 % Expected term (in years) 6.20 6.20 Weighted-average grant date fair value $ 0.95 $ 16.50
Summary of Equity-Based Compensation Expense	Equity-based compensation expense for the three months ended March 31, 2022 and 2021 was as follows (in thousands): Three Months Ended March 31, 2022 2021 Cost of revenue $ 335 $ 91 Selling and marketing 1,639 1,717 Enterprise technology and development 927 306 General and administrative 1,663 459 Total equity-based compensation $ 4,564 $ 2,573

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Pre-Tax Effects of the Company's Derivative Instruments on its Unaudited Condensed Consolidated Statements of Operations	The following table shows the pre-tax effects of the Company’s derivative instruments on its unaudited condensed consolidated statements of operations (in thousands): Three Months Ended March 31, Financial Statement Line Item 2022 2021 Unrealized losses Other comprehensive income (loss) $ ( 162 ) $ ( 92 ) Losses reclassified from accumulated other Cost of revenue $ ( 30 ) $ ( 73 ) comprehensive loss into net loss General and administrative ( 39 ) ( 94 ) Total amounts reclassified $ ( 69 ) $ ( 167 ) Losses recognized on derivatives Cost of revenue $ ( 51 ) $ ( 21 )

Strategic Realignment (Tables)

Strategic Realignment (Tables)	3 Months Ended
Strategic Realignment (Tables)	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Summary of Restructuring Costs Activity	The following table summarizes the Company’s restructuring costs activity (in thousands): Restructuring Charges Payments / Utilizations Liability at March 31, 2022 Employee-related costs $ 7,223 $ ( 2,605 ) $ 4,618 Total costs $ 7,223 $ ( 2,605 ) $ 4,618

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
Earnings (Loss) Per Share (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of the Computation of Loss Per Share of Class A and Class X Common Stock	The computation of loss per share of Class A and Class X Common Stock is as follows (in thousands, except share and per share information): Three Months Ended March 31, 2022 2021 Numerator: Net loss $ ( 73,533 ) $ ( 30,058 ) Denominator: Weighted-average common shares outstanding, basic and diluted 306,362,730 243,012,924 Net loss per common share, basic and diluted $ ( 0.24 ) $ ( 0.12 )
Summary of Common Shares That Are Excluded From the Computation of Diluted Net Loss Per Common Share	The following table presents the common shares that are excluded from the computation of diluted net loss per common share as of the periods presented because including them would have been antidilutive: Three Months Ended March 31, 2022 2021 Options 38,674,077 34,635,709 RSUs 322,596 — Compensation warrants 3,980,656 3,980,656 Public and private placement warrants 15,333,333 — Preferred units — 33,828,033 Earn-out shares 3,750,000 — 62,060,662 72,444,398

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Summary Information by Segment	Summary information by segment is as follows (in thousands): Segment Beachbody Other Consolidated Three Months Ended March 31, 2022 Revenue $ 186,107 $ 12,815 $ 198,922 Contribution 28,091 ( 1,376 ) 26,715 Three Months Ended March 31, 2021 Revenue $ 221,750 $ 4,469 $ 226,219 Contribution 46,475 ( 5,135 ) 41,340
Reconciliation of Consolidated Contribution to Loss before Income Taxes	Reconciliation of consolidated contribution to loss before income taxes (in thousands): Three Months Ended March 31, 2022 2021 Consolidated contribution $ 26,715 $ 41,340 Amounts not directly related to segments: Cost of revenue (1) 13,823 7,843 Selling and marketing (2) 26,319 20,091 Enterprise technology and development 33,697 27,089 General and administrative 20,073 17,946 Restructuring 7,223 — Change in fair value of warrant liabilities ( 264 ) — Interest expense 19 123 Other expense (income), net 64 ( 1,299 ) Loss before income taxes $ ( 74,239 ) $ ( 30,453 ) (1) Cost of revenue not directly related to segments includes certain allocated costs related to management, facilities, and personnel-related expenses associated with quality assurance and supply chain. Depreciation of certain software and production equipment and amortization of formulae and technology-based intangible assets are also included in this line. (2) Selling and marketing not directly related to segments includes indirect selling and marketing expenses and certain allocated personnel-related expenses for employees and consultants. Depreciation of certain software and amortization of contract-based intangible assets and an acquired trade name are also included in this line.

Description of Business and S_3

Description of Business and Summary of Accounting Policies - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Organization Business And Summary Of Accounting Policies [Line Items]
Accelerated depreciation	$ 17,001	$ 12,146
ASU 2020-06 [Member]
Organization Business And Summary Of Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update adoption date	Jan. 1, 2022
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Trade name
Organization Business And Summary Of Accounting Policies [Line Items]
Finite-lived intangible assets useful life	2 years
Selling and Marketing [Member]
Organization Business And Summary Of Accounting Policies [Line Items]
Accelerated depreciation	$ 279	$ 451
Selling and Marketing [Member] \| Trade name
Organization Business And Summary Of Accounting Policies [Line Items]
Amortization expense of intangible assets	$ 1,900
Amortization expense per share, intangible assets	$ 0.01

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue		$ 198,922	$ 226,219
Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue		186,107	221,750
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		12,815	4,469
Digital [Member]
Disaggregation of Revenue [Line Items]
Revenue		81,745	95,150
Digital [Member] \| Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue		74,642	91,445
Digital [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		7,103	3,705
Connected Fitness [Member]
Disaggregation of Revenue [Line Items]
Revenue		19,513
Connected Fitness [Member] \| Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue		14,489
Connected Fitness [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		5,024
Nutrition And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		97,664	131,069
Nutrition And Other [Member] \| Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue		96,976	130,305
Nutrition And Other [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		688	764
United States [Member]
Disaggregation of Revenue [Line Items]
Revenue		178,607	202,716
United States [Member] \| Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue		165,792	198,247
United States [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenue		12,815	4,469
Rest of world [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	20,315	23,503
Rest of world [Member] \| Beachbody [Member]
Disaggregation of Revenue [Line Items]
Revenue	[1]	$ 20,315	$ 23,503

[1]	Consists of Canada, United Kingdom, and France. No single country accounted for more than 10% of total revenue during the three months ended March 31, 2022 and 2021.

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Deferred Revenue [Member]
Disaggregation of Revenue [Line Items]
Contract with customer liability, Current	$ 62.5	$ 55.6

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value Measurements, Recurring and Nonrecurring (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities	$ 2,650	$ 2,701
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	109	314
Total Assets	109	314
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities	1,920	2,133
Public Warrants [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants	2,650	2,701
Private Placement Warrants [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants	$ 1,920	$ 2,133

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Fair Value of Significant Assumptions Utilized in the Valuation (Details) - Private Placement Warrants [Member]	Mar. 31, 2022yr	Dec. 31, 2021yr
Risk-free Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement Input	0.024	0.012
Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement Input	0.650	0.650
Contractual Term (in years) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement Input	4.24	4.49
Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement Input	11.50	11.50

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Change in the Fair Value of the Warrants (Details) - Private Placement Warrants [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 2,133
Change in fair value	(213)
Balance, end of period	$ 1,920

Inventory, Net - Schedule of In

Inventory, Net - Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Raw materials and work in process	$ 22,809	$ 24,436
Finished goods	77,184	108,294
Total inventory, net	$ 99,993	$ 132,730

Inventory, Net - Additional Inf

Inventory, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Inventory, Net [Abstract]
Inventory Write-down	$ 16,896	$ 2,040

Other Current Assets - Summary

Other Current Assets - Summary of Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Current Assets [Abstract]
Deferred coach costs	$ 33,523	$ 30,928
Deposits	3,617	8,915
Accounts receivable, net	1,296	1,225
Other	2,539	2,659
Total other current assets	$ 40,975	$ 43,727

Property and equipment, net - S

Property and equipment, net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 297,975	$ 294,881
Less: Accumulated depreciation	(194,997)	(181,783)
Total property and equipment, net	102,978	113,098
Computer software and web development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	252,276	231,943
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	23,552	23,691
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,158	5,158
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	4,600	5,157
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,164	2,442
Computer Software and Web Development Projects In-process [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 10,225	$ 26,490

Property and equipment, net -_2

Property and equipment, net - Summary of Depreciation Expense Related to Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of depreciation expense related to property and equipment [Line Items]
Depreciation	$ 17,001	$ 12,146
Cost of Sales [Member]
Schedule of depreciation expense related to property and equipment [Line Items]
Depreciation	9,081	3,738
Selling and Marketing [Member]
Schedule of depreciation expense related to property and equipment [Line Items]
Depreciation	279	451
Enterprise technology and development [Member]
Schedule of depreciation expense related to property and equipment [Line Items]
Depreciation	7,449	7,311
General and Administrative [Member]
Schedule of depreciation expense related to property and equipment [Line Items]
Depreciation	$ 192	$ 646

Acquisition (Details)

Acquisition (Details) - Myx [Member] - USD ($)	3 Months Ended
Acquisition (Details) - Myx [Member] - USD ($)	Mar. 31, 2022	Jun. 25, 2021
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Adjustments to the purchase price allocations	$ 0

Acquisition - Summary of Busine

Acquisition - Summary of Business Acquisition Pro Forma Information (Details) - Myx [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Business Acquisition Pro Forma Information [Line Items]
Revenue	$ 243,257
Net loss	$ (42,385)

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 20,956	$ 8,996
Coach costs	13,889	19,168
Inventory, shipping and fulfillment	12,891	14,360
Information technology	5,896	10,150
Sales and other taxes	5,013	5,097
Advertising	1,867	4,033
Customer service expenses	1,161	1,773
Other accrued expenses	8,224	10,948
Total accrued expenses	$ 69,897	$ 74,525

Commitments and Contingencies -

Commitments and Contingencies - Summary of Purchase Obligation, Fiscal Year Maturity (Details) $ in Thousands	Mar. 31, 2022USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
Nine months ending December 31, 2022	$ 35,696
Year ending December 31, 2023	2,693
Year ending December 31, 2024	1,260
Year ending December 31, 2025	1,250
Purchase Obligation	$ 40,899

Common Stock Warrant Liability

Common Stock Warrant Liability - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Common Stock Warrant Liability [Line Items]
Change in fair value of warrant liabilities	$ 264

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Number of shares authorized	2,000,000,000
Par value of shares authorized	$ 0.0001
Common stock, shares authorized	1,900,000,000	1,900,000,000
Preferred stock, shares authorized	100,000,000	100,000,000
Common Class A [Member]
Common stock, shares authorized	1,600,000,000	1,600,000,000
Common Class C [Member]
Common stock, shares authorized	100,000,000	100,000,000
Common Class X [Member]
Common stock, shares authorized	200,000,000

Stockholders' Equity - Summariz

Stockholders' Equity - Summarize Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Unrealized Gain (Loss) on Derivatives, Balances at Beginning	$ (32)	$ (246)
Unrealized Gain (Loss) on Derivatives, Other comprehensive loss before reclassifications	(162)	(92)
Unrealized Gain (Loss) on Derivatives, Amounts reclassified from accumulated other comprehensive income (loss)	69	167
Unrealized Gain (Loss) on Derivatives, Tax effect	(23)	(17)
Unrealized Gain (Loss) on Derivatives, Balance at Ending	(148)	(188)
Foreign Currency Translation Adjustment, Balances at Beginning	11	44
Foreign Currency Translation Adjustment, Other comprehensive loss before reclassifications	4	42
Foreign Currency Translation Adjustment, Balance at Ending	15	86
Balances at Beginning	(21)	(202)
Other comprehensive loss before reclassifications	(158)	(50)
Amounts reclassified from accumulated other comprehensive income (loss)	69	167
Tax effect	(23)	(17)
Balance at Ending	$ (133)	$ (102)

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Jan. 01, 2022
Intrinsic value of options exercised	$ 0.5
Unrecognized equity-based compensation expense	$ 50.7
Weighted-average remaining period	2 years 11 months 12 days
2021 Plan [Member]
Share-based compensation number of shares available for grant	36,919,023
Maximum [Member] \| 2021 Plan [Member]
Share-based compensation number of shares available for grant		15,479,188

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary of the Option Activity under the Equity Compensation Plans (Details) - 2021 Plan [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Schedule of Share Based Compensation Activity [Line Items]
Number of Options, Outstanding Beginning	41,753,042
Number of Options, Granted	616,445
Number of Options, Exercised	(1,132,508)
Number of Options, Forfeited	(2,562,902)
Number of Options, Outstanding Ending	38,674,077	41,753,042
Number of Options, Exercisable	23,452,472
Weighted- Average Exercise Price (per option), Outstanding Beginning	$ 3.86
Weighted- Average Exercise Price (per option), Granted	1.86
Weighted- Average Exercise Price (per option), Exercised	1.70
Weighted- Average Exercise Price (per option), Forfeited	5.86
Weighted- Average Exercise Price (per option), Outstanding Ending	3.76	$ 3.86
Weighted- Average Exercise Price (per option), Exercisable	$ 2.22
Weighted- Average Remaining Contractual Term (in years), Outstanding	5 years 6 months 7 days	5 years 11 months 1 day
Weighted- Average Remaining Contractual Term (in years), Exercisable	3 years 6 months 21 days
Aggregate Intrinsic Value, Outstanding	$ 8,992	$ 11,379
Aggregate Intrinsic Value, Exercisable	$ 8,432

Equity-Based Compensation - S_2

Equity-Based Compensation - Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs, Outstanding Beginning \| shares	573,678
Number of RSUs, Forfeited \| shares	(251,082)
Number of RSUs, Outstanding Ending \| shares	322,596
Weighted Average Fair Value (per RSU), Outstanding Beginning \| $ / shares	$ 5.97
Weighted-Average Fair Value (per RSU), Forfeited \| $ / shares	4.62
Weighted Average Fair Value (per RSU), Outstanding Ending \| $ / shares	$ 7.03

Equity-Based Compensation - S_3

Equity-Based Compensation - Summary of Assumptions Used to Determine the Fair Value of Option Grants (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate	1.70%	0.70%
Dividend yield rate	0.00%	0.00%
Volatility	52.30%	53.90%
Expected term (in years)	6 years 2 months 12 days	6 years 2 months 12 days
Weighted-average exercise price	$ 0.95	$ 16.50

Equity-Based Compensation - S_4

Equity-Based Compensation - Summary of Equity-Based Compensation Expense - Summary of Equity-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Equity-based compensation	$ 4,564	$ 2,573
Cost of Revenue [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Equity-based compensation	335	91
Selling and Marketing [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Equity-based compensation	1,639	1,717
Enterprise Technology and Development [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Equity-based compensation	927	306
General and Administrative [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Equity-based compensation	$ 1,663	$ 459

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Foreign Exchange Option [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset, notional amount	$ 21,500	$ 30,400
Foreign Exchange Forward [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset, notional amount	$ 0	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Pre-Tax Effects of the Company's Derivative Instruments on its Unaudited Condensed Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Losses recognized derivatives not designated as hedging instruments	$ (158)	$ (50)
Total amounts reclassified	69	167
Foreign Currency Hedges [Member]
Total amounts reclassified	(69)	(167)
Foreign Currency Hedges [Member] \| Cost of Revenue [Member]
Losses recognized derivatives not designated as hedging instruments	(51)	(21)
Total amounts reclassified	(30)	(73)
Foreign Currency Hedges [Member] \| General and Administrative [Member]
Total amounts reclassified	(39)	(94)
Foreign Currency Hedges [Member] \| Other comprehensive income (loss) [Member]
Losses recognized derivatives not designated as hedging instruments	$ (162)	$ (92)

Strategic Realignment - Additio

Strategic Realignment - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / shares
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 7,200
Termination benefit related to headcount reductions	4,618
Digital Content Assets
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation / amortization	$ 1,100
Impairment / amortization effect per share \| $ / shares	$ 0
Computer software and web development [Member]
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation / amortization	$ 2,200
Impairment / amortization effect per share \| $ / shares	$ 0.01

Strategic Realignment - Summary

Strategic Realignment - Summary of Restructuring Costs Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 7,223
Payments / Utilizations	(2,605)
Liability at March 31, 2022	4,618
Employee-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	7,223
Payments / Utilizations	(2,605)
Liability at March 31, 2022	$ 4,618

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax benefit	$ 706	$ 395
Effective benefit tax rate	1.00%	1.30%

Earnings (Loss) Per Share - Sum

Earnings (Loss) Per Share - Summary of the Computation of Loss Per Share of Class A and Class X Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (73,533)	$ (30,058)
Denominator:
Weighted-average common shares outstanding, basic and diluted	306,362,730	243,012,924
Net loss per common share, basic and diluted	$ (0.24)	$ (0.12)

Earnings (Loss) Per Share - S_2

Earnings (Loss) Per Share - Summary of Common Shares That Are Excluded From the Computation of Diluted Net Loss Per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	62,060,662	72,444,398
Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	38,674,077	34,635,709
RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	322,596
Compensation Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3,980,656	3,980,656
Public and Private Placement Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	15,333,333
Preferred Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		33,828,033
Earn-out Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3,750,000

Segment Information - Additiona

Segment Information - Additional Information (Details)	3 Months Ended
Segment Information - Additional Information (Details)	Mar. 31, 2022Segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	1

Segment Information - Summary I

Segment Information - Summary Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 198,922	$ 226,219
Contribution	26,715	41,340
Beachbody [Member]
Segment Reporting Information [Line Items]
Revenue	186,107	221,750
Contribution	28,091	46,475
Other [Member]
Segment Reporting Information [Line Items]
Revenue	12,815	4,469
Contribution	$ (1,376)	$ (5,135)

Segment Information - Reconcili

Segment Information - Reconciliation of Consolidated Contribution to Loss before Income Taxes (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Segment Reporting [Abstract]
Consolidated contribution		$ 26,715	$ 41,340
Cost of revenue	[1]	13,823	7,843
Selling and marketing	[2]	26,319	20,091
Enterprise technology and development		33,697	27,089
General and administrative		20,073	17,946
Restructuring		7,223
Change in fair value of warrant liabilities		(264)
Interest expense		19	123
Other expense (income), net		64	(1,299)
Loss before income taxes		$ (74,239)	$ (30,453)

[1]	Cost of revenue not directly related to segments includes certain allocated costs related to management, facilities, and personnel-related expenses associated with quality assurance and supply chain. Depreciation of certain software and production equipment and amortization of formulae and technology-based intangible assets are also included in this line.
[2]	Selling and marketing not directly related to segments includes indirect selling and marketing expenses and certain allocated personnel-related expenses for employees and consultants. Depreciation of certain software and amortization of contract-based intangible assets and an acquired trade name are also included in this line.