The company, which has shaped how millions eat and exercise, is trying to reduce its debt as it expands its telehealth business.

The company plans to eliminate $1.15 billion in debt and switch its focus to telehealth and weight loss drug prescriptions.

Reuters reported in April 2025 that WeightWatchers' stock, which traded as high as $100 in 2018, lost most of its value last year as the company faced revenue declines, liquidity concerns, and celebrity shareholder Oprah Winfrey's decision to exit its board.