LTH - Life Time Group shows off strong growth in first earnings report since IPO

Life Time Group (NYSE:LTH) reports revenue was up 66.7% in Q3 to $385M and comparable center sales were up 58.7%. Center memberships increased 16.7% during the quarter to end with a count of 668,310. All those results came with nearly 20% of LTH's centers experiencing additional COVID-19 masking and other related restrictions during the quarter. The company turned around adjusted EBITDA to +$47M from -$12.4M a year ago. Looking ahead, Life Time sees Q4 revenue of $350M to $360M vs. and adjusted EBITDA of $48M to $52M. The gym club operators says it is gaining market share, which gives it confidence that it is on the path to a full recovery of pre-pandemic 2019 results. Read what Seeking Alpha authors think about LTH.

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Life Time Group shows off strong growth in first earnings report since IPO