Life Time
🇺🇸 NYSE:LTH
•
Dec 31, 2024
Life Time Q4 2024 Earnings Report
Life Time reported strong revenue growth, improved net income, and higher membership retention in Q4 2024.
Key Takeaways
Life Time's Q4 2024 revenue grew by 18.7% year-over-year to $663.3 million, driven by increased membership dues and in-center revenue. Net income rose 57.0% to $37.2 million, while Adjusted EBITDA increased by 28.5% to $177.0 million. The company ended the quarter with 812,062 memberships and a record-high average center revenue per membership.
Total revenue increased 18.7% to $663.3 million.
Net income improved 57.0% to $37.2 million.
Adjusted EBITDA rose 28.5% to $177.0 million.
Memberships grew by 6.4% to 812,062.
Life Time Revenue
Life Time EPS
Life Time Revenue by Segment
Forward Guidance
Life Time expects continued revenue and membership growth in 2025, with plans to open 10-12 new centers and maintain strong financial performance.
Positive Outlook
- Projected revenue growth of 12.6% for 2025.
- Plan to open 10-12 new centers in 2025.
- Maintaining net debt leverage ratio below 2.25x.
- Continued membership growth and strong retention.
- Increased focus on expanding in-center offerings.
Challenges Ahead
- Higher rent and operating expenses expected in 2025.
- Macroeconomic conditions may impact discretionary spending.
- Increased competition in the fitness and wellness industry.
- Potential risks from increased capital expenditures.
- Uncertainty in new center ramp-up timelines.