Loading...
•
Mar 31, 2023
Life Time Q1 2023 Earnings Report
Life Time's financial performance significantly improved, marked by record revenue and Adjusted EBITDA.
Key Takeaways
Life Time Group Holdings reported a strong start to fiscal year 2023, with revenue increasing by 30.2% to $510.9 million. Net income shifted from a $38.0 million loss in Q1 2022 to a $27.5 million profit. Adjusted EBITDA saw a substantial increase of 195.8% to $120.1 million. The company is raising its full year Adjusted EBITDA guidance by $30 million, setting the new range at $470-$490 million.
Revenue increased by 30.2% to $510.9 million compared to Q1 2022.
Net income improved to $27.5 million, a significant turnaround from the $38.0 million net loss in the same quarter last year.
Adjusted EBITDA surged by 195.8% to $120.1 million year-over-year.
Full year fiscal 2023 Adjusted EBITDA guidance raised by $30 million to a range of $470-$490 million.
Revenue by Segment
Forward Guidance
Life Time anticipates revenue between $560 million and $570 million, net income between $19 million and $20 million, and Adjusted EBITDA between $124 million and $126 million for the second quarter of 2023. For the full year 2023, they expect revenue between $2.2 billion and $2.3 billion, Adjusted EBITDA between $470 million and $490 million, and rent expenses between $270 million and $280 million.
Positive Outlook
- Revenue is projected to be between $560 million and $570 million.
- Net income is expected to be between $19 million and $20 million.
- Adjusted EBITDA is forecasted to be between $124 million and $126 million.
- Full-year revenue is guided between $2.2 billion and $2.3 billion.
- Full-year Adjusted EBITDA is projected between $470 million and $490 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...