Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth

August 1, 2024

Life Time Group Holdings, Inc. reported second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue, and driven by an increase in average dues, membership growth in its new and ramping centers, and higher member use of its in-center offerings.

Center operations expenses increased 17.5 percent year-over-year to $355.5 million, said to be primarily due to increased operating costs related to its new and ramping centers and from growth in memberships and in-center business revenue. SGB Media