Beachbody (BODI) Jumps After First GAAP Profit; Canaccord Lifts Price Target to $9 — What Investors Need to Know Today (Nov. 11, 2025)
Beachbody reported its first GAAP net profit since its 2021 IPO, posting Q3 net income of $3.6 million on $59.9 million revenue, down 41% year over year. Shares jumped as much as 29% pre-market after Canaccord Genuity raised its price target to $9. Gross margin rose to 74.6%. The company exited connected fitness hardware, with Q3 hardware revenue at zero.
