Connect with us

Press Release

What Does The Advent Of GLP-1 Weight Loss Drugs Bode For Fitness Companies Like The Beachbody Company (NYSE: BODI)? The Answer May Surprise You

Published

on

–News Direct–

By Meg Flippin, Benzinga

From Ozempic to Wegovy, Glucagon-like peptide-1 or GLP-1 injectables are taking the world by storm, helping countless people shed pounds. But taking the drug alone may not be enough to get the weight down and keep it off. That still requires some work which means exercise and healthy eating.

Its also why The Beachbody Company, Inc. (NYSE: BODI) is excited about what these drugs can bring to the world and to its own bottom line. In the wake of the GLP-1 craze, the work-at-home health and fitness company saw subscriptions for its recently launched premium digital health and fitness platform, BODi, rise 27% in the third quarter. It now has over 900,000 subscribers and is still growing. Meanwhile, its month-over-month retention rate stands at 96% that means only 4% of BODis customers dont come back for a workout or nutrition advice the next month.

Seems counterintuitive? Maybe for some but not BODi.

We're actually encouraged about treatments that can help some of the 74% of Americans that are overweight or obese, said co-founder and CEO Carl Daikeler on the companys recent third-quarter earnings call. We also recognize that a chemical solution is only a single step towards sustaining a healthy lifestyle and does nothing to improve skeletal muscle mass, which is critical to health and functioning in the world. One would expect that Daikeler knows a little bit about that BODi has made a name for itself over its more than two decades in business thanks to fitness programs like P90X and Insanity, its superfood nutrition shake Shakeology and a portfolio of health and wellness supplements.

Can GLP-1 Hurt Demand For Fitness Products?

Some investors may worry that GLP-1 pharmaceuticals will reduce demand for at-home workouts and supplements as more people get access to these injectables and pills and the treatment becomes more mainstream. The drugs have proven to be a game changer for people who have tried and failed to lose weight. A 2022 clinical trial of Tirzepatide, the generic name for GLP-1 drug Zepbound, showed people lost as much as 22% of their body weight. To achieve that, the participants also engaged in healthy actions during the 72-week trial including consuming balanced meals with a deficit of 500 calories per day and at least 150 minutes of physical activity per week. It is the latter point that tends to get buried in trial results but is key to the positive outcomes and why BODi is so optimistic. GLP-1, exercise and diet management go hand in hand in the weight loss journey.

It's really vital that people supplement these weight loss drugs with healthier lifestyle choices, including fitness and nutrition, said Daikeler. We don't see GLP-1 treatment as a headwind for us, but rather a very significant tailwind, as it brings the importance of reducing obesity to the forefront and makes lifestyle change an important component of that decision.

BODi In The Drivers Seat

BODi believes its well positioned to capitalize on the growing demand for at-home fitness programs whether its driven by GLP-1 drugs or a desire to be healthy. The online/virtual fitness market is projected to grow at a CAGR of 32.7% through 2032, becoming a $250.7 billion market. In 2022, the market was worth just $14.9 billion. It also comes at a time when obesity in America is a growing problem. As of September 2023 nationally, 41.9% of adults have obesity.

That presents a big opportunity for a company like BODi, which boasts a library of over 120 comprehensive, structured fitness programs and recently overhauled its digital platform. That rework has resonated with users; BODi has been selected as the top fitness and workout app of 2023 by CNN. The annual membership of the new BODi app is 80% more than their previous basic BODi app, and the monthly retention rate has remained around 96%. These metrics potentially serve as evidence that customers are appreciating the overhaul and willing to pay higher prices.

To give potential customers access to BODi workout programs without having to commit, the company recently launched a free preview. Exercisers can try over 120 sample workouts, nutrition plans and personal development content. BODi is also launching a limited version of BODi Previews on YouTube, providing access to a broader audience.

The world is on a weight and health journey whether with the help of drugs or independently. Either way, exercise is an important component of those efforts. BODi has long known that and is confident it can benefit as more people embrace GLP-1 drugs and exercise as a two-pronged approach.

Featured photo courtesy of The Beachbody Company.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/what-does-the-advent-of-glp-1-weight-loss-drugs-bode-for-fitness-companies-like-the-beachbody-company-nyse-bodi-the-answer-may-surprise-you-128979168

Benzinga

comtex tracking

COMTEX_449438358/2655/2024-03-18T08:47:33

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Estake Holding: Redefining the Future of Digital Bond Holding and Sustainable Investments

Published

on

Belgium, UK, 18th October 2024, ZEX PR WIRE, Estake Holding is at the forefront of transforming the landscape of digital bond holding, combining traditional bonds with cutting-edge decentralized technologies. Our mission is to enhance accessibility, foster community engagement through decentralized governance, and create a transparent, innovative financial ecosystem. With a focus on maximizing financial opportunities for our participants, Estake Holding is driving innovation in the world of electronic bonds.

Our investment portfolio spans across diverse and high-potential markets, including Gold Mining, Real Estate, Forex, Digital Assets, and Hedge Funds. This unique blend of traditional and emerging sectors allows us to manage risk strategically while delivering exceptional returns for our clients. At Estake, we prioritize sophisticated financial strategies and fully managed, high-yield investment products designed to cater to a range of risk appetites.

Key Highlights:

  • Partnerships with Industry Leaders: Estake Holding has established strong partnerships with top players in the gold mining and real estate sectors, expanding its reach and creating new opportunities for growth.
  • Decentralized Governance: Through decentralized technologies, we aim to foster a community-driven environment where participants are empowered to engage and contribute meaningfully.
  • Innovation in Digital Bonds: We are leading the charge in modernizing the financial ecosystem by integrating digital bonds with blockchain technologies, ensuring transparency and security for investors.
  • Focus on Sustainability: Our investments are also aligned with sustainable development goals, as seen in our affordable housing projects and smart city initiatives, where we use innovative technologies such as prefabrication, 3D printing, and sustainable building practices.
  • WeMarket E-commerce Platform: Estake has introduced WeMarket, a next-generation e-commerce platform designed to revolutionize online shopping. This Web and App-based marketplace empowers solopreneurs and franchisees with seamless, automated operations for scalable business ventures.
  • Anti-Counterfeit Solutions: We are also addressing critical industry challenges by offering WeCheck, a blockchain-powered solution for eliminating counterfeit products, ensuring that customers only receive genuine items.

Through these initiatives, Estake Holding continues to build a robust and balanced investment portfolio, fostering long-term financial growth while contributing positively to the global community. We are committed to delivering high-quality, sustainable solutions across industries, with a focus on innovation, efficiency, and community engagement.

For more information, visit Estakebond.com and join us in shaping the future of digital bond holding.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

The Way to Happiness Association of Tennessee Promotes Positive Values at Back In School Festival

Published

on

Nashville, Tennessee, 18th October 2024, ZEX PR WIRE, The Way to Happiness Association of Tennessee participated in the recent Back In School festival in the Edgehill neighborhood, engaging local youth with positive and practical life principles from The Way to Happiness common-sense moral code. The festival, which attracted families and students preparing for the school year, provided an ideal platform to share key messages about leading an ethical and fulfilling life.

Volunteers from the association distributed booklets and engaged with young people, encouraging them to apply precepts such as “Honor and Help Your Parents,” “Set a Good Example,” and “Seek to Live with the Truth.” These timeless values, drawn from the non-religious guidebook, aim to inspire youth to make responsible decisions and positively impact their families and communities.

“We believe in equipping young people with the tools to build a better future,” said a representative of The Way to Happiness Association of Tennessee. “The principles in The Way to Happiness provide clear guidance on how to lead a moral life, one rooted in kindness, integrity, and respect.”

With growing concerns about youth facing challenges such as peer pressure and social influences, The Way to Happiness serves as a helpful resource for students to navigate these issues successfully. Precepts like “Set a Good Example” empower young people to take leadership roles within their social circles, while “Seek to Live with the Truth” reinforces the importance of honesty in building trust and lasting relationships.

The Back In School festival was an opportunity for The Way to Happiness Association to engage with local youth and their families, inspiring a renewed commitment to positive moral values as they head into the new school year. The association continues its work throughout Tennessee, participating in community events and initiatives aimed at improving the well-being of individuals and communities through the application of these universal principles.

For more information about The Way to Happiness Association of Tennessee, visit TWTH.org.

About The Way to Happiness

The Way to Happiness is a non-religious moral code based entirely on common sense. Written by author and humanitarian L. Ron Hubbard, the booklet provides 21 principles that offer a guide to a happier, more ethical life. It has been translated into 117 languages, with over 100 million copies distributed in 186 nations.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Unveil the Mysteries of Biblical Prophecy with Wrong All Along: Revelation Revisited

Published

on

[Willis, Texas] – In a bold new take on one of the Bible’s most enigmatic texts, Alex DeLaGarza’s Wrong All Along: Revelation Revisited offers a thought-provoking, Scripture-only approach to decoding the Book of Revelation. Born from a fifteen-month deep dive into the intricacies of Revelation, this insightful book challenges traditional interpretations and long-held beliefs, guiding readers through a transformative study of biblical prophecy.

Tapping into divine truths revealed by the Holy Spirit, Alex cuts through doctrinal bias and interprets Revelation’s complex prophecies with a refreshing perspective, drawing also on key insights from the Book of Daniel. Whether you’re a seasoned scholar or new to the study of biblical prophecy, Wrong All Along invites you to question preconceived notions and uncover new layers of meaning behind Revelation’s perplexing passages.

This must-read offers clarity where many find confusion, making it ideal for both personal study and group discussions. Prepare to challenge your beliefs and experience the Bible in a whole new light.

Link to the video trailer: https://www.youtube.com/watch?v=JkmKjmFu4BI&ab_channel=WritersoftheWest

Wrong All Along: Revelation Revisited is available now on Amazon.
For more information, please visit https://www.amazon.com/Wrong-All-Along-Revelation-Revisited/dp/B0DF6P31NG

About the author:

After retiring from a long career in law enforcement, Alex DeLaGarza devoted himself to an intense study of the Bible, driven by an unrelenting thirst for God’s truth. His profound dedication to understanding Scripture culminated in the creation of WAARR, a work born from thousands of hours of biblical study. Through WAARR, Alex aims to challenge and correct misconceptions about the end times, relying solely on the authority of the Holy Scriptures.

For queries, Contact:

Alex DeLaGarza

+12109786532

Alexdelagarza68@gmail.com

www.Alexdelagarza.net


In collaboration with Writers of the West, A ghostwriting service and book self publishing services provider in Houston, New York city and Los Angeles.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST