NYSE$LTH
Life Time Group Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Life Time's financial performance significantly improved, marked by record revenue and Adjusted EBITDA.
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.
Headline financials
Revenue & EPS history
Life Time · Revenue · Quarterly
$511M
Revenue by segment
Life Time · $498M total across 2 segments · Q1 2023
- Membership Dues & Fees$357M+31.5%71.8%
- In-Center Revenue$140M+27.9%28.2%
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.
Tailwinds
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.2%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+3.6%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+23.6%
Q3 2022
Best reaction
-18.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.9% | +21.6% | +23.9% | |
| Q4 2025 | -0.3% | -5.0% | -6.4% | |
| Q3 2025 | +5.4% | +2.6% | +6.8% | |
| Q1 2025 | -6.7% | -9.4% | -12.0% | |
| Q4 2024 | -1.0% | +0.0% | -3.5% | |
| Q3 2024 | -7.1% | -10.2% | -3.0% | |
| Q2 2024 | +7.6% | +15.4% | +13.2% | |
| Q1 2024 | +3.4% | +8.2% | +22.8% | |
| Q4 2023 | +10.6% | +9.2% | +25.0% | |
| Q3 2023 | -17.7% | -17.0% | +7.0% | |
| Q2 2023 | -16.2% | -16.3% | -22.9% | |
| Q1 2023 | +10.3% | +18.2% | +10.2% | |
| Q4 2022 | -7.6% | -11.3% | -13.9% | |
| Q3 2022 | +23.6% | +25.7% | +36.4% | |
| Q2 2021 | -2.8% | -1.5% | -13.5% | |
| Q2 2022 | -2.8% | -1.5% | -13.5% | |
| Q1 2021 | +13.4% | +23.6% | +16.1% | |
| Q1 2022 | +13.4% | +23.6% | +16.1% | |
| Q4 2021 | -18.5% | -17.4% | +1.3% | |
| Q4 2019 | -18.5% | -17.4% | +1.3% | |
| Q3 2020 | -0.7% | +2.2% | -15.2% | |
| Q4 2020 | -0.7% | +2.2% | -15.2% | |
| Q3 2021 | -4.0% | -2.7% | +22.6% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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