Life Time Group Holdings Reports Strong Q4 2024 Results with Revenue Growth and Record Membership Retention
CHANHASSEN, MN – February 27, 2025 – Life Time Group Holdings, Inc. (NYSE: LTH), a leading provider of healthy lifestyle communities, recently announced its financial results for the fourth quarter and full year 2024, highlighting significant revenue growth and record membership retention.
Q4 2024 Financial Highlights:
- Total revenue increased 18.7% to $663.3 million.
- Membership dues and enrollment fees grew by 18%, while in-center revenue rose by 19.4%.
- Net income reached $37.2 million, a 57% increase year-over-year.
- Adjusted EBITDA was $177 million, up 28.5%, with a margin of 26.7%.
- Total memberships ended the quarter at approximately 866,000, with center memberships up 6.4% to over 812,000.
Full Year 2024 Highlights:
- Total revenue grew 18.2% to $2.621 billion.
- Adjusted EBITDA increased 26.1% to $676.8 million, with a margin of 25.8%.
- Net income surged 105% to $156.2 million.
2025 Outlook:
- Revenue guidance raised to $2.925 billion to $2.975 billion.
- Adjusted EBITDA guidance increased to $780 million to $800 million.
- Plans to open 10 to 12 new clubs in 2025 with a robust pipeline for future growth.
- Targeting a net debt leverage ratio of less than two times by year-end.
“Our exceptional performance in 2024 is a testament to our focus on delivering an unparalleled member experience,” said Bahram Akradi, Founder, Chairman, and CEO. “We are excited to build on our momentum in 2025 with new club openings, enhanced offerings, and continued financial discipline.”
Life Time also highlighted the strong growth of its asset-light initiatives, including LT Digital, with over 1.7 million subscribers, and the expansion of its Miura health optimization and longevity business.
For additional information, please visit the Investor Relations section of Life Time’s website.