Life Time Q3 revenue up 17.9% to $585.2M; Adjusted EBITDA doubles to $143M

Life Time Group Holdings, Inc.

2023-Q3 EPS reported $0.26 revenue$1,657,759,000

Net income fell to $7.9M ($0.04 EPS) from $24.7M ($0.12) YoY, impacted by prior-year sale-leaseback gains.
Adjusted net income rose to $26.7M from adjusted net loss of $11.5M; adjusted diluted EPS $0.13 vs. ($0.06).
Center memberships up 7.6% to 784,331; comparable center revenue increased 11.4%.
Q4 2023 guidance: revenue $555–565M, Adj. EBITDA $131–135M; FY 2023 Adj. EBITDA $530–534M.
Expects to be free cash flow positive after all capex by mid-2024, two years earlier than planned.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Life Time Group Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $585.2 million, net income $7.9 million, EPS $0.04.

Period: third quarter ended September 30, 2023
Revenue: $585.2 million
Net income: $7.9 million
EPS: $0.04
Result: reported results

Exact text from the filing

reference in such filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE Life Time Reports Third Quarter Fiscal 2023 Financial Results • Total revenue increased 17.9% to $585.2 million from $496.4 million in the third quarter of 2022. • Net income decreased to $7.9 million from $24.7 million in the third quarter of 2022. • Adjusted net income increased to $26.7

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Source: SEC EDGAR

accession 0001869198-23-000060

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