NYSE$LTH

Life Time Group Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Life Time reported strong revenue growth, improved net income, and higher membership retention in Q4 2024.

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.

Headline financials

Total Revenue

$663M

Previous: $559M+18.7%
EPS (adj)

$0.27

Previous: $0.19+42.1%
Comparable Center Revenue

13.5%

No prior period
Net New Center Openings

2

Previous: 1+100.0%
Total Centers

179

Previous: 171+4.7%
Total Center Square Footage

17.6M

No prior period
Center Memberships

812.1K

No prior period
Avg Revenue Per Membership

$796.00

Previous: $711.00+12.0%
Digital On-Hold Memberships

54.0K

No prior period
Total Memberships

866.1K

No prior period
Net Income Margin

5.6%

No prior period
Adjusted Net Income

$60.3M

No prior period
Adjusted Net Income Margin

9.1%

No prior period
Adjusted EBITDA

$177M

No prior period
Adjusted EBITDA Margin

26.7%

No prior period
Net Debt Leverage Ratio

2.28

No prior period
Net Income

$37.2M

Previous: $23.7M+57.0%
Operating Income

$87M

Previous: $58.7M+48.2%

Revenue & EPS history

Life Time · Revenue · Quarterly

$663M

Q4 2024+18.7%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Life Time · $568M total across 2 segments · Q3 2023

  • Membership Dues & Fees
    $408M+21.5%
  • In-Center Revenue
    $160M+11.2%

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.

Tailwinds

  • 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.

Headwinds

  • 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.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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