earnings
confidence high
sentiment neutral
materiality 0.65
Soho House Q1 net loss widens to $46M; membership revenue up 20.4%
Soho House & Co Inc.
2024-Q1 EPS reported
-$0.24
revenue$263,146,000
- Total revenues $263.1M (+3.1% YoY); membership revenue $100.2M (+20.4% YoY).
- Soho House members grew 17.4% to 198,021; total members 261,571, waitlist ~102k all-time high.
- Net loss $46.0M ($0.24/share) vs loss of $15.9M ($0.08) prior year; adj. EBITDA $19.3M vs $20.1M.
- In-House revenues $110.4M (-5% YoY); RevPAR down 3% like-for-like.
- Raised midpoint of adjusted EBITDA guidance; opened Portland, soon Sao Paulo.