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EX - 99.1 2 d391706dex991.htm EX - 99.1 For more information , contact : Investors : Corey Kinger VP Investor Relations corey.kinger@ww.com Media : Nicole Penn VP Corporate Communications nicole.penn@ww.com W W WW Announces First Quarter 2021 Results and Continued Strong Digital Subscriber Growth Q1 2021 End of Period Subscribers of 5.0 million • Q1 2021 End of Period Digital Subscribers up 16 % year - over - year to an all - time high of 4.2 million Q1 2021 Revenues of $ 332 million Exhibit 99.1 • Q1 2021 Gross Margin of 58 % ; excluding one - time charges , Q1 2021 adjusted gross margin increased over 700 basis points year - over- year to 60 % NEW YORK ( May 5 , 2021 ) - WW International , Inc. ( NASDAQ : WW ) today announced its results for the first quarter of fiscal 2021 . " WW had a strong start to the year , ending Q1 with 5.0 million subscribers , record Digital subscribers , and member retention remaining at an all - time high of over 10 months , " said Mindy Grossman , the Company's President and CEO . " Today , we are the world's leading weight loss and wellness digital subscription platform with multiple membership verticals and diverse revenue streams , creating a healthier , more profitable and more sustainable business model . Our continued digital transformation to a personalized , technology experience company was clearly evident in our first quarter results with our high - margin Digital membership growth driving performance and positioning us for subscriber , revenue and profit growth over the balance of 2021. " Amy O'Keefe , the Company's CFO , said , “ Our first quarter performance was ahead of our expectations , with margin expansion driven by Digital growth and continued cost management in our Workshops business . In addition , our recent refinancing has further strengthened our balance sheet and significantly lowered our interest rates . As the world reopens , we will continue to take decisive actions to capitalize on consumer trends , flex our cost structure to meet demand , and position WW for accelerated momentum . ” Wellness that Works .