Life Time Q3 2021 Earnings Report
Key Takeaways
Life Time Group Holdings, Inc. reported a strong third quarter with a 66.7% increase in revenue to $385 million and a comparable center sales increase of 58.7%. The net loss improved to $(45.4) million, and Adjusted EBITDA increased to $47.0 million. The company opened two new centers and had 12 under construction.
Total revenue increased by 66.7% to $385.0 million compared to the previous year.
Comparable center sales increased by 58.7%.
Center memberships increased by 16.7% to 668,310.
Net loss improved to $(45.4) million from $(93.6) million.
Life Time
Life Time
Life Time Revenue by Segment
Forward Guidance
For the fourth quarter ending December 31, 2021, the Company is projecting revenue and Adjusted EBITDA to be in the ranges of $350 to $360 million and $48 to $52 million, respectively. For the full year ending December 31, 2021, the Company is projecting revenue and Adjusted EBITDA to be in the ranges of $1,308 to $1,318 million and $80 to $84 million, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income