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Sep 26, 2020
Weight Watchers Q3 2020 Earnings Report
Reported strong results and continued subscriber momentum.
Key Takeaways
WW International, Inc. announced its Q3 2020 results, showing subscriber growth and matched operating income levels despite COVID-19 impacts. The company ended the quarter with 4.7 million subscribers, marking a new record for a third quarter close. The power of high-margin digital subscription business is demonstrated in the Q3 results as year-over-year the company grew total subscribers, matched operating income levels, and grew EPS.
Q3 2020 End of Period Subscribers up 5% year-over-year to 4.7 million, an all-time Q3-end high
Q3 2020 End of Period Digital Subscribers up 23% year-over-year, an all-time Q3-end high
Q3 2020 Revenues of $321 million, down 8%, or 9% on a constant currency basis, year-over-year due to anticipated declines in the Studio + Digital business
Q3 2020 Operating Income of $93 million; excluding one-time charges, Q3 2020 adjusted operating income of $95 million matched Q3 2019 operating income
Forward Guidance
No forward guidance provided in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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