earnings
confidence high
sentiment positive
materiality 0.80
Life Time Q4 rev $473M (+31%), net income $13.7M vs loss; FY23 adj EBITDA guide $440-460M
Life Time Group Holdings, Inc.
- Q4 revenue $472.7M (+31.1% YoY); net income $13.7M vs net loss of $304.8M in prior year.
- Q4 Adjusted EBITDA $107M, up 122.9% YoY; full-year Adjusted EBITDA $281.7M, up 250.8%.
- Center memberships at 725,206 (+11.7% YoY); average monthly dues up 20% to $162.
- Opened 10 centers in 2022; plans 10 in 2023. Sale-leaseback generated $375M in 2022, targeted $300M in 2023.
- Q1 2023 guidance: rev $505-510M, adj EBITDA $108-110M; FY2023 rev $2.2-2.3B, adj EBITDA $440-460M.