earnings
confidence high
sentiment positive
materiality 0.80
Life Time Q4 prelim rev $473M (+31% YoY), Adj EBITDA $105M (+119%); FY23 guide rev $2.2-2.3B
Life Time Group Holdings, Inc.
2022-FY EPS reported
-$0.01
revenue$1,822,557,000
- Preliminary Q4 2022 revenue $472-473M (up 31% YoY), net income $10-12M vs loss of $305M, Adj EBITDA $104-106M (up 119%).
- Full-year 2022 revenue $1,822-1,823M (up 38% YoY), net loss $2-4M vs $579M loss, Adj EBITDA $279-281M (up 250%).
- Results exceeded Nov. 9 guidance due to faster margin expansion, lower medical expenses, lower real estate taxes.
- Introduced FY 2023 guidance: revenue $2.2-2.3B (23% growth) and Adj EBITDA $430-450M (57% growth).
- Q4 net center memberships declined only 3,500 vs typical 13,000; comparable center sales up 26%.