Q2 2025 Life Time Group Holdings Inc Earnings Call Transcript
Key Points
- Total revenue increased by 14% to $761 million, driven by a 14% increase in membership dues and enrollment fees.
- Adjusted net income rose by 60.5% year-over-year to $84.1 million.
- Adjusted EBITDA increased by 21.6% with an improved margin of 27.7%.
- Free cash flow was positive for the fifth consecutive quarter, reaching $112 million.
- Life Time Digital accounts grew by 216% year-over-year, reaching 2.3 million accounts.
- The company experienced a slower start in new membership sign-ups at the beginning of the quarter.
- There was a timing shift in unit openings, narrowing the guidance from 10-12 units to 10 for the year.
- Seasonality is expected to impact Q3 memberships, with a potential decrease similar to the previous year.
- The company is cautious about mid-quarter performance commentary, indicating potential volatility.
- The maturation process of new clubs requires careful management to avoid overwhelming new members and staff.
Greetings. Welcome to the Life Time Group Holdings Inc. second-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce Connor Wienberg, Vice President of Capital Markets and Investor Relations. Thank you. You may begin.
Good morning, and thank you for joining us for the second-quarter 2025 Life Time Group Holdings earnings conference call. With me today are Bahram Akradi, Founder, Chairman and CEO; and Erik Weaver, Executive Vice President and CFO. During the call, we will make forward-looking statements, which involve a number of risks and uncertainties that may cause actual results to differ materially from those forward-looking statements made today.
There is a comprehensive discussion of risk factors in the company's SEC filings, which you are encouraged to review. The company will also discuss certain non-GAAP financial measures, including adjusted net
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