HAS DONE BETTER JUMPING 185%
OVER THE YEAR AND APPLE RECENTLY
LAUNCHED ITS OWN DIGITAL FITNESS
OFFERING.
HERE COMES THE COMPANY LOOKING
TO NOT ONLY KNOCK PELLET AND OFF
THE SPIN BIKE BUT CRUSH ALL OF
THE FITNESS RIVALS BEACH BODY
BRAND-NEW INTERACTIVE STREAMING
PLATFORM OUT AND BRINGING
SUBSCRIBERS LIVE AND ON-DEMAND
STUDIO CLASSES THAT YOU CAN
INTERACT WITH.
THE AT-HOME OPTION COMING ON THE
HEELS OF A MAJOR JUMP IN SALES
REVENUE BLASTING 43% HIGHER SINCE ANNOUNCING PLANS TO GO
SINCE ANNOUNCING PLANS TO GO
PUBLIC THERE WILL BE A
3 BILLION-DOLLAR WITH FOUR START
ACQUISITION ADMIT FITNESS THAT
WAS ANNOUNCED BACK IN FEBRUARY
WHEN THAT COMING TO PASS, THE
BODY BUILD TO THE TOP OF THE
FITNESS CHART BEACH BODY CARL
DAIKELER LIVE IN INTERACTIVE,
MAKE THE CASE THAT WHAT YOU
BROUGHT OUT, THIS IS GOING TO BE
MORE ATTRACTIVE THAN GOING BACK
INTO THE GYM WHICH IS A LOT OF
PEOPLE DOING THIS WEEK.
>> THE SURVEYS THAT WE’VE SEEN,
ALL THE RESEARCH POINTS TO THE
FACT THAT THE DIGITAL DISRUPTION
IS HERE, WERE ALL EXCITED TO GET
OUT OF THE HOUSE, THERE IS A
REASON THAT OUR GROWTH HAS BEEN
SO SIGNIFICANT NOT JUST LAST
YEAR BUT EVEN IN THE FIRST
QUARTER AS YOU MENTIONED WE SAW
A DRAMATIC INCREASE IN REVENUE
AND SUBSCRIBERS THAT COMES
THROUGH THE EXPERIENCE OF
GETTING YOUR WORKOUT DONE FIRST
THING IN THE MORNING AND GOING
ABOUT YOUR DAY SO PEOPLE ARE
SAID TO GET OUTSIDE BUT EXCITED
TO GET A SHOTGUN THERE’S NOTHING
MORE CONVENIENT TO READ 87% OF
THE PEOPLE WHO WENT FROM THE GYM
TO THE IN-HOME EXPERIENCE HAVE
CHOSEN TO KEEP THEIR IN-HOME
EXPERIENCE OR HAVE A HYBRID OF
THE GYM AND IN-HOME WORKOUTS,
THIS IS A DISRUPTION THAT IS
HERE TO STAY AND WERE JUST
GETTING STARTED.
LIZ: I ABSOLUTELY AGREE
DIGITALLY DISRUPTION HAS BEEN
THE WORD OF WHAT THIS PINTO
BECAUSE THAT A LOT OF THINGS
HAVE CHANGED FOR GOOD BUT THIS
IS A CROWDED SPACE AND YOU HAVE
APPLE FITNESS JUMPING IN YOU ARE
SMART TO HAVE THE THREE-WAY
MERGER BECAUSE THAT INSTANTLY
GIVES YOU A BIKE BUT THE BIKE
CONNECTED WITH THE BEACH BODY
ISN’T OUT UNTIL THE MERGER GOES
THROUGH, WHEN IS THAT GOING TO
CLOSE.
>> WE EXPECT THE MERGER TO CLOSE
AROUND THE END OF THE SECOND
QUARTER, THE END OF JUNE, THIS
IS A RACE WE’VE BEEN RUNNING FOR
22 YEARS THIS IS NOT SOMETHING
THAT POPPED OUT OF NOWHERE WHEN
IT BE GREAT TO WORK OUT FROM
HOME THE REASON LIKE P90 X WAS
OUR FIRST BILLION-DOLLAR PROGRAM
WERE FOLLOWED BY INSANITY, WE
REALIZED IF YOU CREATE A GREAT
EXPERIENCE WITH CONTENT AT HOME
AND PROVIDE PEOPLE WITH THE
NUTRITION SOLUTION SO YOU DON’T
GET RESULTS FROM WORKING OUT YET
TO DO THE NUTRITION TOO, AS WE
SCALE THAT IS STARTS TO BUILD A
FOLLOWING THAT’S WHY WERE THE
LEADER IN THE SPACE WITH OVER
2.7 MILLION DIGITAL SUBSCRIBERS
THIS IS SOMETHING THAT IS HERE
TO STAY IN THE ADVENT AND
BRINGING IN THE CONNECTED BIKE
IS ADDING A GENRE TO A PLATFORM
THAT IS ALREADY EXTREMELY
POPULAR AND WHEN CAN YOU GIVE ME
A SENSE OF HOW THE CURRENT
QUARTER SUBSCRIBER NUMBERS ARE
LOOKING AT THE MOMENT CERTAINLY
THE MOST RECENT QUARTER WOULD
LOOK INCREDIBLE WHAT ABOUT THE
CURRENT QUARTER HOW IS THAT
TRENDY.
>> I’M NOT ALLOWED TO TALK OUT
OF SCHOOL OR HAVE A CFO KNOCK ON
THE DOOR BUT I WILL SAY, THE BIG
QUESTION WAS THE PANDEMIC A BLIP
ON THE SCREEN OR SIGN OF THINGS
TO COME, WE HAD OUR STRONGEST
LAUNCH IN THE HISTORY OF THE
COUNTRY LAST SUMMER OUR SECOND
STRONGEST LAUNCH NEARLY THE SAME
HAPPENED IN APRIL OF THIS YEAR A
CARDIO DANCE PROGRAM WITH SEAN T
CALLED LET’S GET UP AND IT’S
BEEN AN ABSOLUTE PHENOMENON
PARTICULAR BECAUSE IT MADE
PEOPLE FEEL GOOD AND GREAT TO DO
A DANCE CARDIO PROGRAM IN THE
LIVING SOME PEOPLE ARE
COMFORTABLE DOING THAT IN THE
GYM AND IS PROVEN TO BE
INCREDIBLY POPULAR NEXT WE HAVE
THE LARGEST DROP IN THE MEMBER
LIBRARY NINE WEEK CONTROL FREAK
DROPPED INTO THE LIBRARY A WEEK
AGO AND BREAKING RECORDS LEFT
AND RIGHT.
FOR ME I KNOW YOU LIKE TO GET ON
THE BIKE AND FOR ME IF IT’S NOT
CONVENIENT I’M NOT GOOD TO DO
THE WORKOUT.
THAT’S WHY OUR JOB CREATES AN
INTERACTIVE PLATFORM AND WE
INNOVATE THE GENRE CONTINUE TO
BRING IT TO THE NEXT LEVEL.