Q4 2025 Planet Fitness Inc Earnings Call Transcript
Key Points
- Planet Fitness Inc (PLNT) ended 2025 with approximately 20.8 million members and nearly 2,900 clubs globally, showcasing strong member growth.
- The company reported a 12% increase in revenue and a 13% rise in adjusted EBITDA, with a 19% growth in adjusted diluted EPS for the year.
- Planet Fitness Inc (PLNT) opened 181 new clubs and added 1.1 million net new members in 2025, indicating robust expansion.
- The High School Summer Pass program was highly successful, with over 3.7 million teens completing more than 19 million workouts.
- The company achieved a record high Black Card penetration of 66.5% by the end of the fourth quarter, enhancing revenue through higher membership tiers.
- The guidance for 2026 indicates a lower growth year due to the extended replacement cycle for equipment and the sale of corporate-owned clubs in California.
- Weather-related disruptions in January impacted join trends, affecting early-year economic benefits.
- There was a slightly higher cancellation rate in January than anticipated, although attrition trends have since normalized.
- The company faces a highly competitive real estate market, which poses challenges for new club openings.
- The increase in net interest expense due to refinancing and upsizing debt is expected to impact financials in 2026.
Good morning, and thank you for joining today's Planet Fitness Q4 earnings conference call. (Operator Instructions). I would now like to hand the call over to Stacey Caravella, Vice President, Investor Relations, for opening remarks. Please go ahead.
Thank you, operator, and good morning, everyone. Speaking on today's call will be Planet Fitness Chief Executive Officer, Colleen Keating; and Chief Financial Officer, Jay Stasz. They will be available for questions during the Q&A session following the prepared remarks.
Today's call is being webcast live and recorded for replay. Before I turn the call over to Colleen, I'd like to remind everyone that the language on forward-looking statements included in our earnings release also applies to our comments made during the call.
Our release can be found on our investor website along with any reconciliation of non-GAAP financial measures mentioned on the call with their corresponding GAAP measures. Now I will turn the call over to Colleen.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
