Life Time Group Reports Strong 2024 Financial Performance

Life Time Group Holdings, Inc. ( (LTH) ) has released its Q4 earnings. Here is a breakdown of the information Life Time Group Holdings, Inc. presented to its investors.

Life Time Group Holdings, Inc., a leading operator of athletic country clubs and wellness centers across the United States and Canada, has reported robust financial results for the fourth quarter and full-year 2024. The company, known for its comprehensive health and wellness offerings, has seen significant growth in revenue and net income, reflecting strong member engagement and retention.

In the latest earnings report, Life Time announced an 18.7% increase in total revenue for the fourth quarter, reaching $663.3 million, and an 18.2% rise for the full year, totaling $2,621.0 million. The company’s net income surged by 57.0% in the fourth quarter to $37.2 million and more than doubled for the year to $156.2 million. These impressive figures were driven by increased membership dues and higher in-center revenue, alongside a strategic focus on expanding and enhancing member services.

Key financial metrics highlighted in the report include a 28.5% increase in adjusted EBITDA for the fourth quarter, reaching $177.0 million, and a 26.1% rise for the year, amounting to $676.8 million. Additionally, Life Time successfully reduced its net debt leverage ratio to under 2.3 times and generated positive free cash flow for the third consecutive quarter. The company also opened eight new centers in 2024, bringing its total to 179, and plans to open 10 to 12 new centers in 2025.

Looking ahead, Life Time has raised its 2025 outlook based on early results, projecting continued growth in revenue and adjusted EBITDA. The company remains well-positioned to capitalize on significant growth opportunities while maintaining a strong margin profile and balance sheet. With a focus on expanding its footprint and enhancing member experiences, Life Time aims to sustain its upward trajectory in the coming year.