WeightWatchers Files for Bankruptcy Amid Ozempic Era, Focuses on Telehealth
Krissy Vann | Host, All Things Fitness and Wellness
WeightWatchers has initiated a financial reorganization that will eliminate $1.15 billion in debt, aiming to improve its long-term financial stability and adapt to major shifts in the weight management industry. The company, officially known as WW International, Inc., filed voluntary “pre-packaged” Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.
Operations remain active, and the company emphasized that there will be no disruption to its programs or member services during the court-supervised process. WeightWatchers currently serves over three million members globally and offers a combination of digital tools, in-person and virtual workshops, and a growing telehealth business.
The filing comes as the company faces increasing competition from prescription weight-loss medications such as Ozempic, Wegovy, and Mounjaro. While WeightWatchers has added weight-loss prescriptions to its offerings through its clinical business, traditional subscription revenues have continued to decline.
According to a company statement, “All trade creditors and other general unsecured creditors will be paid in full,” and WeightWatchers intends to remain publicly traded after the reorganization. The company expects the reorganization plan to be confirmed within approximately 40 days.
CEO Tara Comonte said in a press release, “The decisive actions we’re taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape.”
WeightWatchers reported a net loss of $346 million in 2024. In the first quarter of 2025, subscription revenues were down 9.3% year-over-year. However, the company’s clinical business, which includes access to obesity-trained clinicians and prescription medications, grew by more than 57% over the same period.
The reorganization is supported by lenders holding approximately 72% of the outstanding principal from the company’s term loan, revolving credit facility, and 4.5% senior secured notes. The move is designed to reduce liabilities while enabling future investments in digital innovation and healthcare services.
WeightWatchers stated that some customers may receive court notifications related to the bankruptcy process, but no action is required on their part. The company reiterated it is not going out of business and described the filing as a necessary step in a “significant transition.”
Founded over 60 years ago, WeightWatchers has evolved from a community-based weight-loss program into a global brand. In 2018, it rebranded as “WW” to reflect a broader focus on health and wellness beyond weight loss.
Credit: Planet Fitness