Exhibit 99.1

Contact:
Investor Relations:
The Blueshirt Group
Nicole Gunderson
IR@mindbodyonline.com
888-782-7155
Media Contact:
Jennifer Saxon
jennifer.saxon@mindbodyonline.com
805-419-2839
MINDBODY Reports First Quarter 2017 Financial Results
Delivers Improved Margins and Year over Year Revenue Growth of 32%
San Luis Obispo, CA -May 4, 2017 (GLOBE NEWSWIRE) -- MINDBODY, Inc. (NASDAQ: MB), the leading technology platform for the wellness services industry, today announced financial results for the first quarter ended March 31, 2017.

“We had a strong start to the year, with positive early returns from our high value subscriber growth strategy, the nationwide rollout of our Google integration, and the timely acquisition of Lymber,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “These developments reflect our focus on accelerating business and consumer engagement across our platform, fueling the growth of wellness businesses worldwide and helping millions more people live healthier, happier lives.”

“We are pleased with our financial performance in the first quarter delivering strong revenue growth and improving margins, while achieving record ARPS and positive cash flow from operations,” said Brett White, Chief Operating Officer and Chief Financial Officer.

First Quarter 2017 Financial Results

Total revenue in the first quarter of 2017 was $42.2 million, a 32% increase year over year.
Subscription and services revenue in the first quarter was $25.0 million, a 30% increase year over year.
Payments revenue in the first quarter was $16.8 million, a 38% increase year over year.
GAAP net loss in the first quarter of 2017 was $(3.9) million, or $(0.10) per basic and diluted share, compared to a GAAP net loss in the first quarter of 2016 of $(6.6) million, or ($0.17) per basic and diluted share.
Non-GAAP net loss1 in the first quarter of 2017 was $(1.2) million, or $(0.03) per basic and diluted share, compared to a non-GAAP net loss in the first quarter of 2016 of $(4.6) million, or $(0.12) per basic and diluted share.
Adjusted EBITDA1 in the first quarter of 2017 of $1.1 million, compared to an Adjusted EBITDA loss in the first quarter of 2016 of $(2.4) million.

Recent Business Highlights
End of period subscribers increased 12% year over year to 59,919.
Average monthly revenue per subscriber (ARPS) grew 15% year over year to approximately $230.
Dollar-based net expansion rate was 109%, compared to 113% as of the end of the first quarter of 2016. This metric nets the effects of subscriber churn against the increasing value of subscribers retained, indicating the tendency of our subscriber cohorts to gain value over time.
Payments volume increased 22% year over year to approximately $1.9 billion.
Implemented a refined subscriber growth strategy that improved our unit economics and increased the rate of inventory growth on the MINDBODY App and MINDBODY Network.
Expanded the Google integration to enable users nationwide to easily book fitness classes, buy intro offers, class packages and memberships directly through Google Search and Maps.
Acquired API partner Lymber Wellness, an early-stage tech company specializing in breakthrough yield management solutions for class- and appointment-based businesses, which enable business owners to set dynamic pricing parameters for class and appointment sessions.
Partnered with Weebly to provide subscribers with an easy-to-use website building and eCommerce tool that incorporates MINDBODY’s branded web technology.
Won the 2017 Global Mobile Award for the Best Mobile App for the Connected Lifestyle for the MINDBODY consumer app.
Won the 2017 Big Innovation Award from the Business Intelligence Group for MINDBODY's branded mobile app solution, which allows businesses to pair their MINDBODY software with the look and feel of their own brand.


The following information was filed by Mindbody, Inc. (MB) on Thursday, May 4, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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