Fast facts at a glance
WeightWatchers statistics show a business that entered 2024 with a smaller revenue base than 2022, but still produced a large gross profit and a meaningful year-end subscriber base. The numbers also show a company working through heavy debt, impairment charges, and a shift in how much of the business now comes from digital and clinical subscriptions.
Key takeaways
- Fiscal 2024 revenue was $785.921 million (WW Q4 2024 results), down from $889.551 million in fiscal 2023 and $1.039835 billion in fiscal 2022 (WW 2024 Annual Report).
- Fiscal 2024 gross profit was $533.103 million (WW 2024 Annual Report), showing that the top line weakness did not eliminate the core profitability of the subscription model.
- Fiscal 2024 net loss was $345.701 million (WW 2024 Annual Report), driven partly by $315.033 million in franchise rights acquired and goodwill impairments (WW 2024 Annual Report).
- Total end-of-period subscribers were 3.336 million at the end of fiscal 2024 (WW 2024 Annual Report).
- Total debt was $1.430643 billion and net debt was $1.377619 billion at December 28, 2024 (WW Q4 2024 results).
- By Q1 2025, revenue was $186.6 million and end-of-period subscribers were 3.4 million (WW Q1 2025 results).
WeightWatchers statistics in context
The strongest reading of the dataset is not that WeightWatchers is simply growing or shrinking. It is that the company has been resetting its operating mix while carrying a heavy balance sheet and absorbing large non-cash charges.
In fiscal 2024, the company reported $776.993 million in subscription revenue and only $8.928 million in other revenue (WW 2024 Annual Report). That tells you where the business still lives: recurring memberships and related subscription products.
At the same time, the company’s earnings picture was affected by several large cost lines. Cost of revenues was $252.818 million, marketing expenses were $236.467 million, and SG&A expenses were $217.825 million in fiscal 2024 (WW 2024 Annual Report). Those three buckets alone explain why margin management matters so much here.
WeightWatchers revenue trends by year
The clearest trend in the dataset is the downward move in annual revenue from 2022 to 2024. The company generated $1.039835 billion in fiscal 2022, $889.551 million in fiscal 2023, and $785.921 million in fiscal 2024 (WW 2024 Annual Report; WW Q4 2024 results).
That is a steep multi-year decline, but the sequence matters. The 2023-to-2024 drop was smaller than the 2022-to-2023 drop, which suggests the business did not accelerate its revenue erosion in the latest year.
Revenue and profitability comparison
| Fiscal year | Revenue | Gross profit | Operating result | Net loss |
|---|---|---|---|---|
| 2022 | $1.039835 billion | $621.379 million | $(283.971) million operating loss | $(256.868) million net loss |
| 2023 | $889.551 million | $529.303 million | $22.333 million operating income | $(112.255) million net loss |
| 2024 | $785.921 million | $533.103 million | $(236.222) million operating loss | $(345.701) million net loss |
Sources: WW 2024 Annual Report; WW Q4 2024 results.
The table shows a few important things:
- Gross profit stayed remarkably resilient in 2024, even with lower revenue.
- Operating income flipped from a $22.333 million gain in 2023 to a $236.222 million loss in 2024 (WW 2024 Annual Report).
- Net loss widened sharply in 2024 because the operating story was compounded by large impairment charges and financing costs.
Subscription revenue and mix shift
A useful way to read WeightWatchers statistics is through the subscription mix. In fiscal 2024, subscription revenue was $776.993 million, while other revenue was $8.928 million (WW 2024 Annual Report). That means subscriptions accounted for nearly all reported revenue.
The company’s subscription mix also reveals how the operating model is evolving.
- Digital subscription revenues were $512.9 million for the full year 2024 (WW Q4 2024 results).
- Workshops + digital subscription revenues were $186.1 million (WW Q4 2024 results).
- Clinical subscription revenues were $78.0 million (WW Q4 2024 results).
- In Q4 2024 alone, digital subscription revenues were $113.489 million, workshops + digital were $47.772 million, and clinical subscription revenues were $20.472 million (WW Q4 2024 results).
These figures matter because they show a business with multiple subscription formats, not a single product line. The digital channel is the largest contributor, but the clinical segment is now material enough to show up clearly in the annual results.
Subscription revenue breakdown
| Segment | Q4 2024 | Full-year 2024 |
|---|---|---|
| Digital subscription revenues | $113.489 million | $512.9 million |
| Workshops + digital subscription revenues | $47.772 million | $186.1 million |
| Clinical subscription revenues | $20.472 million | $78.0 million |
| Total subscription revenues | $181.733 million | $776.993 million |
Sources: WW Q4 2024 results.
The main takeaway from the mix is simple: if you want to understand WeightWatchers statistics, you should focus on subscription economics, not incidental revenue lines.
Profitability, margins, and operating pressure
WeightWatchers still produced sizable gross profit in fiscal 2024, but the step from gross profit to net loss was large.
- Gross profit was $533.103 million in fiscal 2024 (WW 2024 Annual Report).
- Operating loss was $236.222 million (WW 2024 Annual Report).
- Interest expense was $108.954 million (WW 2024 Annual Report).
- Loss before income taxes was $345.175 million (WW 2024 Annual Report).
- Net loss was $345.701 million (WW 2024 Annual Report).
The company also reported Q4 2024 gross margin of 69.7% and adjusted gross margin of 69.1% (WW Q4 2024 results). That is a strong gross margin profile relative to many consumer subscription businesses, but it was not enough to overcome overhead, debt service, and restructuring-type charges.
Why the loss widened
Several lines in the dataset explain the 2024 loss profile:
- Franchise rights acquired and goodwill impairments were $315.033 million in fiscal 2024 (WW 2024 Annual Report).
- Marketing expenses were $236.467 million (WW 2024 Annual Report).
- SG&A expenses were $217.825 million (WW 2024 Annual Report).
- Interest expense was $108.954 million (WW 2024 Annual Report).
That combination is enough to pressure even a high-gross-margin subscription company. The company can have a strong intake of recurring revenue and still report a major net loss if fixed charges and impairment items are large enough.
Subscriber statistics and scale
The audience side of the business is still sizable.
At the end of fiscal 2024, WeightWatchers reported 2.741 million digital subscribers, 503 thousand workshops + digital subscribers, 92 thousand clinical subscribers, and 3.336 million total end-of-period subscribers (WW 2024 Annual Report).
That mix shows three distinct customer pools:
- Digital remains the main base.
- Workshops + digital is still present, but smaller.
- Clinical has become a real category rather than a footnote.
The Q1 2025 update adds another useful data point: end-of-period subscribers were 3.4 million and end-of-period clinical subscribers were 135 thousand (WW Q1 2025 results). That suggests the subscriber base remained broadly stable to slightly higher in early 2025, with clinical continuing to grow in relative importance.
Subscriber profile snapshot
| Metric | Fiscal 2024 | Q1 2025 |
|---|---|---|
| Digital subscribers | 2.741 million | Not reported in the supplied Q1 data |
| Workshops + digital subscribers | 503 thousand | Not reported in the supplied Q1 data |
| Clinical subscribers | 92 thousand | 135 thousand |
| Total end-of-period subscribers | 3.336 million | 3.4 million |
Sources: WW 2024 Annual Report; WW Q1 2025 results.
A useful read of these WeightWatchers statistics is that the company’s subscriber scale is still large enough to support a meaningful subscription platform, even though the revenue and profit mix has been under pressure.
Balance sheet and debt statistics
The balance sheet is one of the most important parts of the story.
At December 28, 2024, WeightWatchers reported cash and cash equivalents of $53.024 million, total current assets of $102.648 million, total assets of $550.276 million, total current liabilities of $173.331 million, long-term debt, net of $1.430643 billion, total liabilities of $1.664648 billion, and total deficit of $1.114372 billion (WW 2024 Annual Report).
That is a highly leveraged capital structure.
Debt and liquidity details
- Total debt was $1.430643 billion and net debt was $1.377619 billion at December 28, 2024 (WW Q4 2024 results).
- Net debt to Adjusted EBITDAS was 9.2x at December 28, 2024 (WW Q4 2024 results).
- By March 29, 2025, total debt was $1.6163 billion and unrestricted cash on hand was $236.3 million (WW Q1 2025 10-Q).
- That March 29, 2025 cash figure included $171.3 million of revolver borrowings (WW Q1 2025 results).
The Q1 2025 10-Q adds more detail on financing structure:
- Term Loan Facility borrowings were $945.0 million (WW Q1 2025 10-Q).
- Senior Secured Notes principal was $500.0 million (WW Q1 2025 10-Q).
- Revolving Credit Facility borrowings were $171.3 million (WW Q1 2025 10-Q).
- Outstanding letters of credit were $3.7 million (WW Q1 2025 10-Q).
- The consolidated first lien leverage ratio was 7.37:1.00 (WW Q1 2025 10-Q).
Leverage and covenant pressure
The debt covenant data is worth reading carefully because it frames the company’s financing flexibility.
- The Revolving Credit Facility compliance threshold was $61.3 million, or 35% of commitments at March 29, 2025 (WW Q1 2025 10-Q).
- The leverage covenant was 5.25:1.00 through Q1 2025 and 5.00:1.00 thereafter (WW Q1 2025 10-Q).
- The next compliance certificate was due May 13, 2025 (WW Q1 2025 10-Q).
- The applicable cure period was expected to expire on or before June 4, 2025 (WW Q1 2025 10-Q).
Those details matter because they show that a subscription company with strong brand recognition can still face tight financial constraints when debt is large relative to earnings.
Quarterly signals in 2024 and 2025
Quarterly numbers help show whether the annual figures are stabilizing or still deteriorating.
In Q4 2024, WeightWatchers reported $184.413 million in revenue, $36.2 million in operating income, $25.1 million in net income, and $50.4 million in adjusted EBITDAS (WW Q4 2024 results). It also reported 19.6% operating income margin and 27.4% adjusted EBITDAS margin (WW Q4 2024 results).
That quarter stands out because it was profitable on an operating basis, which contrasts with the full-year operating loss.
In Q1 2025, the company reported $186.6 million in revenue, $132.9 million in gross profit, 71.2% gross margin, $72.6 million net loss, and $26.9 million adjusted EBITDAS (WW Q1 2025 results). It also reported adjusted EBITDAS margin of 14.4% (WW Q1 2025 results).
Quarter-over-quarter context
| Metric | Q4 2024 | Q1 2025 |
|---|---|---|
| Revenue | $184.413 million | $186.6 million |
| Gross margin | 69.7% | 71.2% |
| Operating income / loss | $36.2 million operating income | Not reported in the supplied Q1 data |
| Net income / loss | $25.1 million net income | $(72.6) million net loss |
| Adjusted EBITDAS | $50.4 million | $26.9 million |
| Adjusted EBITDAS margin | 27.4% | 14.4% |
Sources: WW Q4 2024 results; WW Q1 2025 results.
The quarter-to-quarter pattern suggests that the business can still produce strong gross margins and occasional profitable quarters, but the full operating structure remains uneven.
What the numbers say about the business model
WeightWatchers statistics point to a company in transition rather than a simple turnaround story.
- The subscription base is still large, at 3.336 million end-of-period subscribers in fiscal 2024 (WW 2024 Annual Report).
- The digital business remains the main revenue engine, with $512.9 million in digital subscription revenues for the year (WW Q4 2024 results).
- Clinical is growing in visibility, reaching 135 thousand clinical subscribers by Q1 2025 (WW Q1 2025 results).
- Gross margin remained high, with 69.7% in Q4 2024 and 71.2% in Q1 2025 (WW Q4 2024 results; WW Q1 2025 results).
- The balance sheet carries substantial leverage, with $1.6163 billion in total debt reported at March 29, 2025 (WW Q1 2025 10-Q).
If you are looking at WeightWatchers statistics for business analysis, the most important pattern is this: the company still operates a scale subscription platform, but debt, impairments, and overhead have heavily distorted the earnings picture.
Data points worth watching next
The most useful future readings from this dataset are straightforward:
- Whether total subscribers stay near the 3.3 million to 3.4 million range (WW 2024 Annual Report; WW Q1 2025 results).
- Whether clinical subscribers continue to expand from 92 thousand to 135 thousand and beyond (WW 2024 Annual Report; WW Q1 2025 results).
- Whether annual revenue stabilizes above the $785.921 million fiscal 2024 level (WW Q4 2024 results).
- Whether leverage and debt burden remain near the 9.2x net debt to Adjusted EBITDAS level reported at December 28, 2024 (WW Q4 2024 results).
- Whether impairment charges remain elevated after the $315.033 million franchise rights acquired and goodwill impairment recorded in fiscal 2024 (WW 2024 Annual Report).