earnings
confidence high
sentiment positive
materiality 0.85
Life Time Q3 revenue up 66.7% to $385M; net loss narrows; IPO closed with $670M proceeds
Life Time Group Holdings, Inc.
2021-Q3 EPS reported
-$2.00
revenue$957,525,000
- Revenue $385M, up 66.7% YoY; comparable center sales +58.7%.
- Net loss improved to -$45.4M from -$93.6M; Adjusted EBITDA $47.0M vs -$12.4M.
- Center memberships +16.7% to 668,310 as of Sep 30, 2021.
- Closed IPO Oct 12 with ~$670M net proceeds; paid down $576M of term loan.
- Q4 outlook: revenue $350-360M, Adj. EBITDA $48-52M; FY2021 $1.31-1.32B revenue.