MCG - Membership Collective Group beats Q4 top and bottom line estimates; initiatesFY23 outlook

March, 08 2023 07:36 AM Membership Collective Group Inc. Class A

2023-03-08 07:36:42 ET

Membership Collective Group press release ( NYSE: MCG ): Q4 GAAP EPS of $0.07 beats by $0.30 .
Revenue of $270.4M (+46.5% Y/Y) beats by $15.76M .
Total Members grew to 226,830 from 211,351 in Q3 2022 and 45.6% year-over-year.
Adjusted EBITDA was $23.2 million, up $20.6 million from the fourth quarter 2021.
"Looking ahead to 2023, we’re confident in the resilience of our growth and are more focused than ever on improving member value and driving profitability."
Fiscal 2023 Guidance Assumptions : Total Revenues of $1.1b - $1.2b vs $1.19B consensus; Adjusted EBITDA of $120m - $130m; Total Membership Revenues of $355m - $365m; Total Soho House Members of >190,000.

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Company Name:	Membership Collective Group Inc. Class A
Stock Symbol:	MCG
Market:	NYSE