WW - WW International jumps despite revenue miss: Q4 Earnings

WW International (NASDAQ:WW) is up 9% in early Wednesday trading despite missing revenue estimates, and initiating guidance below the consensus mark in 4Q21 earnings results. Q4 Revenue of $276M (-14.7% Y/Y) misses consensus by $3.06M. By segment: Subscription revenue, $247.9M (-12.9% Y/Y); and Product Sales and other revenue, $27.8M (-24.2% Y/Y) on constant currency basis. End of Period Subscribers were down 5.8%Y/Y for the quarter, driven by declines in all major geographic markets. End of Period Digital Subscribers decreased 7.1%Y/Y and End of Period Workshops + Digital Subscribers increased 1%Y/Y. Gross profit was $168.9M; Adjusted gross profit of $169.2M, compared to $197.8M a year ago. Adjusted gross margin stood at 61.3%. Adjusted Operating Income of $54.6M, vs. $67.3M in 4Q20. GAAP EPS of $0.42; Non-GAAP EPS of $0.35 in-line. Q1 2022 Guidance: Revenue is expected to be ~$300M vs. consensus of $347.80M; EPS loss is expected to be in the range of $0.26

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WW International jumps despite revenue miss: Q4 Earnings