Life Time Q3 revenue $693.2M (+18.5% YoY), net income +422.5%, raises FY Adj EBITDA guidance to $658-662M

Life Time Group Holdings, Inc.

2024-Q3 EPS reported $0.57 revenue$1,957,712,000

Total revenue $693.2M (+18.5% YoY); net income $41.4M (up 422.5% from $7.9M); diluted EPS $0.19 vs $0.04.
Adjusted EBITDA $180.3M (+26.1% YoY); center memberships 826,502 (+5.4% YoY); net debt leverage ratio improved to 2.4x.
Full-year 2024 guidance raised: revenue $2,595-2,605M (prior $2,560-2,590), Adj EBITDA $658-662M (prior $642-652).
Opened 2 new centers in Q3; total centers 177; completed equity offering of 6M shares for $124.4M net proceeds used to reduce debt.
Generated free cash flow of $138.3M including $65M in sale-leaseback proceeds; capex decreased 54.8% to $87.1M.

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