earnings
confidence high
sentiment positive
materiality 0.70
Life Time Q3 revenue up 29% to $496M; adj EBITDA +51%; guides Q4 adj EBITDA $80-90M
Life Time Group Holdings, Inc.
2022-Q3 EPS reported
-$0.08
revenue$1,349,902,000
- Revenue $496.4M (+28.9% YoY); net income $24.7M includes $42.7M sale-leaseback gain.
- Adjusted EBITDA $71.0M (+50.9% YoY); memberships 728,729 (+9% YoY, +4,000 QoQ).
- Full-year 2022 guidance: revenue $1.81-1.84B, adj EBITDA $255-265M; Q4 adj EBITDA $80-90M.
- Opened 3 new centers in Q3, plans 12 total in 2022 and 11 in 2023; cash $107.1M, no revolver borrowings.