NYSE$LTH
Life Time Group Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Life Time's financial performance was marked by record revenue and Adjusted EBITDA, driven by strong membership growth and in-center revenue.
Life Time Group Holdings, Inc. reported a 17.9% increase in total revenue to $585.2 million for the third quarter of 2023, compared to $496.4 million in the third quarter of 2022. Net income decreased to $7.9 million from $24.7 million year-over-year, while Adjusted EBITDA increased significantly by 101.4% to $143.0 million.
- Total revenue increased by 17.9% to $585.2 million, driven by growth in membership dues and in-center revenue.
- Net income decreased to $7.9 million, primarily due to a gain from sale-leasebacks in the prior year period.
- Adjusted EBITDA increased by 101.4% to $143.0 million, reflecting improved business performance and margin improvements.
- The company opened six new centers in the third quarter, bringing the total to 170 centers.
Headline financials
Revenue & EPS history
Life Time · Revenue · Quarterly
$585M
Revenue by segment
Life Time · $568M total across 2 segments · Q3 2023
- Membership Dues & Fees$408M+21.5%71.8%
- In-Center Revenue$160M+11.2%28.2%
Forward guidance
Life Time provided guidance for the fourth quarter and full year 2023, projecting continued revenue growth and improved profitability.
Tailwinds
- Revenue is expected to be between $555 million and $565 million for Q4 2023.
- Net income is projected to be between $14 million and $17 million for Q4 2023.
- Adjusted EBITDA is expected to be between $131 million and $135 million for Q4 2023.
- Full-year revenue is projected to be between $2.213 billion and $2.223 billion.
- Full-year Adjusted EBITDA is expected to be between $530 million and $534 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 Q3 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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