Life Time Q3 2022 Earnings Report
Key Takeaways
Life Time Group Holdings reported a 28.9% increase in total revenue to $496.4 million for the third quarter of 2022, driven by a 25.6% increase in comparable center sales. The company's net income was $24.7 million, which included a tax-effected gain of $42.7 million from sale-leasebacks. They are projecting revenue for the fourth quarter ending December 31, 2022, to be in the range of $460 to $490 million.
Total revenue increased by 28.9% to $496.4 million.
Comparable center sales increased by 25.6%.
Center memberships totaled 728,729 on September 30, 2022, an increase of 9.0% year-over-year.
Net income was $24.7 million, including a $42.7 million gain from sale-leasebacks.
Life Time
Life Time
Life Time Revenue by Segment
Forward Guidance
For the fourth quarter ending December 31, 2022, the Company is projecting revenue, net loss, and Adjusted EBITDA to be in the ranges of $460 to $490 million, $(10) to $(2) million, and $80 to $90 million, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income