earnings
confidence high
sentiment positive
materiality 0.70
Life Time Q2 revenue up 42.7% to $461.3M; Adjusted EBITDA rises to $63.1M
Life Time Group Holdings, Inc.
2022-Q2 EPS reported
-$0.21
revenue$853,521,000
- Net loss improved to $2.3M from $45.2M loss in Q2 2021, including $5.4M one-time net benefit.
- Center memberships up 10.2% YoY to 724,778; comparable center sales +36.2%.
- Closed sale-leasebacks for ~$95M in Q2; signed $200M deal, targeting $675M total for 2022.
- Q3 2022 guidance: revenue $490-510M, net loss $(24)-$(15)M, Adjusted EBITDA $65-75M.
- Full-year 2022 revenue projected at $1.80-1.85B; Adjusted EBITDA $250-270M.