WeightWatchers Files For Bankruptcy

WeightWatchers has filed for bankruptcy protection, citing heavy debt and increased competition from weight-loss medications like Ozempic and Mounjaro. The company, which has been a leader in weight management for over 60 years, plans to write off $1.15 billion of its debt while negotiating new repayment terms with lenders.

Despite the bankruptcy filing, WeightWatchers assured its members that operations would continue without interruption. CEO Tara Comonte emphasized that the company remains committed to providing its weight-loss programs, telehealth services, and workshops.

"For more than 62 years, WeightWatchers has empowered millions of members to make informed, healthy choices, staying resilient as trends have come and gone," Comonte said.

The decision to file for bankruptcy comes as the company faces declining demand for its traditional programs. Subscription revenues fell by 9.3% in the first quarter of 2025, though its clinical business, which includes weight-loss medications, saw a 57% increase in revenue. The company reported a net loss of $346 million last year.

WeightWatchers has entered a comprehensive agreement with lenders and noteholders to reduce its debt obligations and increase financial flexibility. The company expects to emerge from the court-supervised reorganization process in about 40 days and plans to remain a publicly traded company. The restructuring will allow WeightWatchers to focus on enhancing its digital and member experience and expanding its telehealth business, which has seen significant growth as reported by WW International.