Exhibit 99.1

Contact:
Investor Relations:
Nicole Gunderson
IR@mindbodyonline.com
888-782-7155
Media Contact:
Jennifer Saxon
jennifer.saxon@mindbodyonline.com
805-419-2839
MINDBODY Reports Third Quarter 2017 Financial Results
Total Revenue Grows 32% Year over Year
Subscription and Services Revenue Grows 34% Year over Year
Average Revenue Per Subscriber Grows 27% Year over Year
SAN LUIS OBISPO, Calif., October 26, 2017 (GLOBE NEWSWIRE)—MINDBODY, Inc. (NASDAQ: MB), the leading technology platform for the wellness services industry, today announced financial results for the third quarter ended September 30, 2017.

“We had a great third quarter highlighted by the early success of our refined subscriber growth strategy,” said Rick Stollmeyer, Co-founder and Chief Executive Officer of MINDBODY. “Our focus on adding the right customers that contribute significant wellness inventory to our platform is driving accelerated adoption of our consumer apps and the MINDBODY network.”

“We delivered strong financial performance in the third quarter, generating year over year revenue growth of 32% and record gross margins,” said Brett White, Chief Operating Officer and Chief Financial Officer. “Additionally, due to the improving unit economics of our subscriber base and our continued financial discipline, we generated positive Non-GAAP net income for the first time.”


Third Quarter 2017 Financial Results

Total revenue in the third quarter of 2017 was $46.6 million, a 32% increase year over year.
Subscription and services revenue in the third quarter of 2017 was $28.3 million, a 34% increase year over year.
Payments revenue in the third quarter of 2017 was $17.8 million, a 32% increase year over year.
GAAP net loss in the third quarter of 2017 was $(3.6) million, or $(0.08) per basic and diluted share, compared to a GAAP net loss in the third quarter of 2016 of $(5.9) million, or $(0.15) per basic and diluted share.
Non-GAAP net income1 in the third quarter of 2017 was $0.7 million, or $0.01 per basic and diluted share, compared to a non-GAAP net loss in the third quarter of 2016 of $(3.5) million, or $(0.09) per basic and diluted share.
Adjusted EBITDA1 in the third quarter of 2017 was $2.5 million, compared to an Adjusted EBITDA loss in the third quarter of 2016 of $(1.1) million.


Recent Business Highlights
End of period subscribers increased 1% year over year to 59,028. End of period High Value Subscribers increased 8% year over year.
Average monthly revenue per subscriber (ARPS) grew 27% year over year to approximately $259.
Dollar-based net expansion rate was 106%, compared to 115% as of the end of the third quarter of 2016.
Payments volume increased 23% year over year to over $2.0 billion.
BOLD 2017, the MINDBODY Conference, was held in September in San Diego. BOLD brought together over 1,300 business owners, practitioners and experts from across the wellness services industry, from boutique fitness to salons and spas to integrative health, to see our new products and latest software improvements, network and share best business practices.
Launched dynamic pricing technology in the MINDBODY App, under “Last Minute Offers”, giving MINDBODY customers the opportunity to fill more spots in their classes and optimize their revenue by adjusting prices based on consumer demand.
 


The following information was filed by Mindbody, Inc. (MB) on Thursday, October 26, 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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