WW International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:02 pm EDT
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WW International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 214.87 million compared to USD 249.72 million a year ago. Net income was USD 43.73 million compared to net loss of USD 206.04 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to basic loss per share from continuing operations of USD 2.93 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to diluted loss per share from continuing operations of USD 2.93 a year ago.
For the nine months, revenue was USD 683.59 million compared to USD 816.93 million a year ago. Net loss was USD 24.12 million compared to USD 221.09 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 3.15 a year ago. Diluted loss per share from continuing operations was USD 0.32 compared to USD 3.15 a year ago.
WW International, Inc. is a human-centric technology company that provides weight loss and weight management programs. The Company's offerings include its programs and app, WeightWatchers Clinic, and licensing and consumer product sales. Its subscription businesses include digital business, workshops + digital business, clinical business and WeightWatchers for business offering. The Company's weight loss and weight management programs are focused on nutritional and behavior change science. They are comprised of a range of science-based nutritional, activity, behavioral and lifestyle tools and approaches that can be tailored for individual weight goals and, if needed, support the various needs of people taking GLP-1 medications or living with diabetes. In its Workshops + Digital business, the Company offers a subscription for unlimited access to its workshops in addition to its digital subscription product. Its WW-branded products include bars, snacks, cookbooks and kitchen tools.
WW INTERNATIONAL, INC. 
