Loading...
•
Dec 31, 2024
Beyond Q4 2024 Earnings Report
Beyond, Inc. reported its fourth quarter 2024 financial results with sequential material improvements in key operating metrics, driving towards its goal of profitability.
Key Takeaways
Beyond, Inc. reported a net loss of $81 million for Q4 2024, a significant improvement from the $160.993 million net loss in Q4 2023. Total net revenue decreased by 21.1% year-over-year to $303.151 million. The company highlighted a 50% improvement in Net Loss and 43% improvement in Adjusted EBITDA year-over-year, driven by exceeding gross margin expansion and fixed cost reduction goals.
Net loss improved by 50% year-over-year, reaching $81 million in Q4 2024 compared to $160.993 million in Q4 2023.
Adjusted EBITDA improved by 43% year-over-year, with a loss of $28 million in Q4 2024.
Total net revenue for Q4 2024 was $303.151 million, a decrease of 21.1% from the prior year.
Gross profit was $70 million, representing 23.0% of total net revenue, driven by a 380 basis point gross margin expansion.
Forward Guidance
Beyond, Inc. is focused on achieving profitability and growth by continuing to make calibrated decisions to reset the company's foundation, leverage technology, and utilize resources and partnerships.
Positive Outlook
- Exceeding previously announced targets of margin improvement and fixed cost reductions.
- Improved site experience and elimination of poor performing SKUs/vendors.
- Continued ramp of the Overstock brand and SKU/vendor refinement.
- Pricing and discounting discipline within the Bed Bath & Beyond banner.
- Progress made since November 1st with sequential improvements continuing through February.
Challenges Ahead
- Total net revenue decreased by 21.1% year-over-year in Q4 2024.
- Orders delivered decreased by 34% year-over-year.
- Active customers decreased by 4% year-over-year.
- Still much work to do to create a solid foundation for profitability and growth.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...