The Beachbody Company, Inc.

Good afternoon ladies and gentlemen and welcome to the Beachbody Company's second quarter earnings call. Currently all participants are in lesson mode only. Following the presentation we will conduct the question and answer session. Instructions will be provided at the time that you start the queue up for questions. If anyone has any difficulties hearing the conference please press star zero for operator assistance. I would like to remind everyone that This conference call is being recorded, and I would now turn the call over to Bruce Williams, Managing Director of ICR Investor Relations.

Welcome, everyone, and thank you for joining us for our second quarter earnings call. With me on the call today are Carl Deichler, Co-Founder and Chief Executive Officer of the Beachbody Company, Mark Goldston, Executive Chairman, and Mark Sweden, Chief Financial Officer. Following the prepared remarks, we'll open the call up for questions. Before we get started, I would like to remind you of the company's safe harbor language. The statements contained in this conference call, which are not historical facts, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results may differ materially from those suggested in such statements due to a number of risks and uncertainties all of which are described in the company's filings with the SEC, which includes today's press release. Today's call will include references to non-GAAP financial measures, such as adjusted EBITDA. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is available within the earnings release, which can be found on our website. Now, I would like to turn the call over to Carl.

Hello, and good afternoon. Thank you for joining us today. On our last call, we announced several changes taking place at Body and most recently announced that Mark Goldston joined the team as executive chairman. Mark is a seasoned consumer products, fitness, and internet leader with valuable experience having run public companies for decades. This addition signals an exciting time for the company and for me to personally have the opportunity to work beside an executive of Mark's experience. particularly as we're all eager to achieve a turnaround in our profitability and the performance of our stock. When our board member, Kevin Mayer, introduced me to Mark, we discovered that we shared a common vision on how to drive long-term growth for Body. And I could see that his experience running public companies would add incredible value to the management team. I want to take this opportunity to let Mark share his perspective on his first 50 days with Body. But let me reiterate a few key things about Mark's arrangement with the company first. As the executive chairman, Mark is a board member and has an executive officer role actively participating in the management and decision-making processes of the company with a focus on the more transformational initiatives. Driven by his belief in the underlying value of body, he chose to take all of his compensation in equity stock options, the majority of which best based on stock performance. And this transaction was so important to my determination to turn around the company and my enthusiasm for partnering with an executive who's done this kind of turnaround many times before, I forfeited 8 million common shares that I personally owned to minimize dilution of Mark's equity grant to the rest of the shareholders. Building on Mark's deep digital and consumer experience, his role is to help us turn cash flow positive as soon as possible. Mark and I are working closely together along with other senior executives and the benefits are already materializing. Now let me turn it over to Mark to share his perspective, which I think can be insightful to our shareholders and investors. Mark.