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Sep 30, 2021
Life Time Q3 2021 Earnings Report
Life Time's financial performance significantly improved with revenue growth and reduced net loss.
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
Revenue by Segment
Membership Dues & Enrollment Fees Revenue
CapyFin.comIn-Center Revenue
CapyFin.com 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