earnings
confidence high
sentiment positive
materiality 0.70
Life Time Q4 revenue up 57.8% to $360.5M; Adj EBITDA improves to $48M from loss
Life Time Group Holdings, Inc.
- Revenue $360.5M (+57.8% YoY); full-year revenue $1.318B (+39.0%).
- Q4 net loss $(304.8)M includes $271.2M one-time charges; Adj EBITDA $48.0M vs. $(18.0M).
- Memberships up 29.6% to 649,373; 151 centers at year-end, 12 new planned in 2022.
- Sale-leaseback of four properties for $175M; two closings by Mar 31 for ~$80M proceeds.
- Q1 2022 guidance: revenue $385-395M, Adj EBITDA $38-42M.