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Life Time Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-04 11:45
Core Insights - Life Time Group Holdings, Inc. reported strong financial results for the third quarter of fiscal 2025, with significant growth in revenue and net income, reflecting effective execution of its growth strategy [2][7][8]. Financial Performance - Total revenue for Q3 2025 reached $782.6 million, a 12.9% increase from $693.2 million in Q3 2024 [3][7]. - Net income surged to $102.4 million, marking a 147.3% increase compared to $41.4 million in the same quarter last year [3][7]. - Adjusted net income for Q3 2025 was $93.0 million, up 65.2% from $56.3 million in Q3 2024 [3][7]. - Adjusted EBITDA increased by 22.0% to $220.0 million from $180.3 million year-over-year [3][7]. Membership and Engagement - Center memberships at the end of Q3 2025 totaled 840,622, reflecting a 1.7% increase from 826,502 in Q3 2024 [3][8]. - Total subscriptions, including center memberships and on-hold memberships, rose to 891,225, a 1.7% increase compared to the previous year [8]. Operational Efficiency - Center operations expenses increased by 11.6% to $414.3 million, primarily due to costs associated with new and ramping centers [3][8]. - General, administrative, and marketing expenses rose by 3.6% to $59.8 million, driven by increased overhead to enhance member services [3][8]. Capital Expenditures and Cash Flow - Total capital expenditures for Q3 2025 were $222.5 million, a 155.5% increase from $87.1 million in Q3 2024 [9]. - Net cash provided by operating activities for the nine months ended September 30, 2025, was $630.7 million, a 53.1% increase compared to the prior year [8][25]. Future Outlook - The company raised its full-year 2025 revenue guidance to between $2,978 million and $2,988 million, reflecting a 13.8% increase from the previous year [12]. - The net income guidance for 2025 is set between $304 million and $306 million, indicating a 95.3% increase from the prior year [12].
Lithium Ionic Files NI 43-101 Technical Report for the Updated Bandeira Lithium Project Feasibility Study
Globenewswire· 2025-10-31 22:30
Core Viewpoint - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for the Bandeira Lithium Project, indicating progress in the project's development and feasibility study [1][2]. Group 1: Technical Report Details - The 2025 Bandeira Technical Report was prepared by qualified consulting groups RTEK, GE21, and L&M, ensuring compliance with National Instrument 43-101 standards [2]. - The report is available on the company's website and SEDAR+ for public access [2]. Group 2: Qualified Persons - A list of Qualified Persons (QPs) who contributed to the report is provided, confirming their independence and expertise in the field [3][4]. - Each QP has reviewed and approved the contents of the news release, ensuring accuracy and reliability [3]. Group 3: Compensation and Agreements - The company issued 7,430,305 common shares to RTEK as compensation for technical and strategic advisory services related to the feasibility study [5]. - This issuance has received approval from the TSX Venture Exchange, indicating regulatory compliance [5]. Group 4: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly in the Minas Gerais state [6]. - The company's flagship projects, Itinga and Salinas, cover 11,684 hectares in a region recognized as a world-class hard-rock lithium district [6].
It's Coming Nov. 2-Beat the Upcoming Daylight Savings Slump with These Six Expert Tips from Life Time's Chief Science Officer Jim LaValle
Prnewswire· 2025-10-30 17:59
Core Insights - The article discusses the impact of the upcoming Daylight Savings time change on Americans' sleep and overall well-being, highlighting that 54% of U.S. adults report negative effects on their sleep schedule due to this seasonal change [1]. Company Insights - Life Time, Inc. offers various strategies to help individuals adjust to the time change, emphasizing the importance of preparation and consistency in managing sleep and energy levels [2][3]. - The company promotes its LTH supplement line, including products like LTH Dream, which is designed to support sleep quality and is NSF certified for purity and potency [9][10]. Industry Insights - The article underscores the significance of circadian rhythms and their sensitivity to time changes, suggesting that it typically takes three to seven days for individuals to fully adapt to a one-hour shift [9]. - Life Time operates 185 athletic country clubs across the U.S. and Canada, providing a comprehensive ecosystem for healthy living, which includes nutritional supplements and wellness programs [12].
327 Luxury Life Time Living Wellness Residences to be Part of PV Development in Phoenix, Arizona
Prnewswire· 2025-10-28 17:50
Accessibility StatementSkip Navigation "Since our first Life Time Living destination opened in 2021, our vision has been to redefine how people live, work, and play by uniting elevated home design, curated wellness, and ultimate convenience," said Parham Javaheri, Life Time Executive Vice President, President of Club Operations, and Chief of Property Development. "With health and wellness leading global trends, Life Time continues to create destinations that foster healthy, socially connected, and environme ...
Lauren Weeks and Noah Ohlsen Crowned Champions at Life Time's Inaugural LT Games Presented by Ten Thousand in Minneapolis
Prnewswire· 2025-10-27 20:05
Core Insights - Life Time introduced a new hybrid fitness competition format with the inaugural LT Games, held on October 25-26, 2025, at Life Time Target Center in Minneapolis, featuring 150 competitors [1][3] - Lauren Weeks won first place overall and first place female with a record-setting time of 35:59, while Noah Ohlsen secured first place male and second overall with a time of 39:03 [2][3] Event Details - The LT Games consisted of 17 high-intensity strength and conditioning stages, testing participants' power, endurance, and mental toughness [1] - Life Time awarded over $20,000 in prize money to the top five male and female finishers [3] Sponsorship and Collaboration - The event was presented in collaboration with premium performance apparel brand Ten Thousand, along with other sponsors including Aion, Hyperice, and NOBULL Shoes [4] Training and Facilities - Life Time offers a complimentary LT Games training program through its app and has athletic country clubs equipped with best-in-class equipment used in the LT Games [5] Expansion of Athletic Events - The LT Games is part of Life Time's expanding lineup of athletic competitions, which includes the LT Open singles pickleball tournament and over 30 other athletic events [6]
Life Time Unveils 2026 Grand Prix Series
Prnewswire· 2025-10-23 17:00
Core Insights - Life Time has announced the details for the 2026 Life Time Grand Prix, highlighting a refined selection process and a record prize purse of $590,000, which represents a 55% increase from 2025 [3][9]. Prize Structure - The total prize purse for the Life Time Grand Prix podium is set at $350,000, with $175,000 allocated to both men's and women's podiums, extending payouts through 10th place [9][11]. - UNBOUND Gravel 200 and Leadville Trail 100 MTB will each feature $60,000 in prize money, while all other Grand Prix events will maintain a $30,000 prize purse [9][10]. Event Details - The 2026 series will consist of six events, with each athlete's best five finishes counting towards the overall standings [4]. - Live coverage will be provided for four events, enhancing fan engagement and athlete visibility [4]. Application Process - The application window for athletes opens on October 27 and closes on November 5, with selections announced on November 11 [5][6]. - Athletes must be 18 years or older by December 31, 2025, and the selection will be based on performance metrics from the past year [6][7]. Selection Criteria - Each gender's field will consist of 25 athletes, selected through a performance-based evaluation process [6][8]. - The selection includes top finishers from the previous Grand Prix and Wild Card entries for additional opportunities [8]. Athlete Support - All Grand Prix athlete entries will be covered by the series, with new benefits including professional media exposure and complimentary access to Life Time's athletic facilities [12][13]. - Athletes placing 11th and beyond in the overall standings will receive $2,500 in professional finisher compensation [10].
Lea Jansen and Christopher Haworth Crowned Champions at Life Time's Inaugural LT Open, Each Taking Home $50,000
Prnewswire· 2025-10-20 20:38
Core Insights - The LT Open, the first elite singles-only professional pickleball tournament in the U.S., took place in Atlanta, featuring over 140 athletes and a total prize purse of $250,000 [1][2][4] - Lea Jansen and Christopher Haworth emerged as champions, each winning $50,000, while second-place finishers Parris Todd and Federico Staksrud earned $15,000 each [2][4] Company Overview - Life Time (NYSE: LTH) hosted the LT Open, showcasing its commitment to expanding pickleball offerings and establishing itself as a leader in premier pickleball experiences [1][7] - The company has seen significant participation in pickleball, with 3.1 million participants across its 800+ courts in the first half of 2025, and members playing an average of 6.8 times per month compared to 3.8 times in 2023 [7] Event Highlights - The tournament featured live entertainment, exclusive giveaways, and was broadcasted across multiple platforms, including PPA Tour YouTube and FS2, enhancing fan engagement [5] - The LT Open implemented on-site professional paddle testing using a GNG machine, ensuring fair play by adhering to strict deflection and power standards [6] Venue and Facilities - Life Time Peachtree Corners is recognized as a premier destination for pickleball tournaments, equipped with 32 indoor and outdoor courts and stadium seating [8]
Life Time Launches a New Era of Luxury Wellness at Iconic Prudential Center with October 17 Opening of Urban Athletic Country Club
Prnewswire· 2025-10-17 09:05
Core Insights - Life Time has opened its first downtown Boston location, Life Time Prudential Center, marking a significant expansion in the region and enhancing the local wellness scene [1][3][4] Company Overview - Life Time is recognized as the nation's premier healthy lifestyle brand, operating 185 athletic country clubs across the U.S. and Canada [9] - The company emphasizes a holistic approach to wellness, combining fitness, recovery, and social connection [4][9] Facility Details - Life Time Prudential Center spans nearly 60,000 square feet and is designed as a luxury wellness destination for urban living [2][3] - The facility includes various amenities such as a co-ed wet suite, a café serving health-focused food and drinks, and spaces for social and work activities [7][8] Location and Accessibility - The club is strategically located in Boston's Back Bay, easily accessible via public transportation and serving nearby neighborhoods [5][6] - It aims to cater to both residents and professionals in the area, enhancing the lifestyle offerings at the Prudential Center [4][6] Membership and Operations - Memberships start at $349 per month, with options available for singles, couples, and families [8] - The club operates extensive hours, open from 4 a.m. to 11 p.m. on weekdays and 6 a.m. to 10 p.m. on weekends [8]
Fans Invited to Experience the LT Open - Nation's First-Ever Elite Singles-Only Pickleball Tournament in Atlanta Oct. 17-19
Prnewswire· 2025-10-15 19:15
Core Insights - Life Time is launching the LT Open, the first professional singles-only pickleball tournament in the U.S., with a total prize purse of $250,000, including $50,000 for both men's and women's champions [2][4]. Event Details - The LT Open will take place from October 17 to 19 at Life Time Peachtree Corners in Atlanta, offering complimentary courtside access for fans [1][2]. - The tournament will feature top players, including PPA gold medalists and APP champions, with tennis legend Andre Agassi attending the semi-finals and finals [3][4]. Broadcast and Accessibility - The event will be broadcast live on various platforms: PPA Tour's YouTube on Friday, and PickleballTV and FS2 on Saturday and Sunday [4]. - Attendees will receive a complimentary LT Pro 48 pickleball, designed for consistent bounce and durability [3]. Growth of Pickleball - Life Time has seen significant growth in pickleball participation, with 3.1 million participants in the first half of 2025 across over 800 courts, and members playing an average of 6.8 times per month compared to 3.8 times in 2023 [6]. Tournament Schedule - The tournament schedule includes: - October 17: Main Draw - Round of 64 and 32 from 8 a.m. to 5 p.m. - October 18: Main Draw - Round of 16 and 8 from 10 a.m. to 8 p.m. - October 19: Semi-Finals and Finals from 9 a.m. to 6 p.m. [7]. Innovation in Fair Play - The LT Open will implement on-site professional paddle testing using a GNG machine, ensuring paddles meet strict standards for fair play [5].
Just 90 Minutes for Lasting Impact: Join Life Time's GO90 Workout to Support ALS Research and Children's Health on October 25
Prnewswire· 2025-10-10 12:03
Core Points - Life Time announced the return of GO90, a fundraiser workout benefiting Augie's Quest to Cure ALS and the Life Time Foundation, scheduled for October 25 [1][2] - The event features a 90-minute workout challenge and a post-event social for a $25 donation, with 100% of funds raised split equally between the two organizations [2][4] - In its 2024 debut, GO90 raised $253,000 for ALS research and children's health initiatives [2] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada, promoting healthy living and aging through various programs and events [5][6] - The Life Time Foundation, established in 2011, focuses on youth nutrition, physical movement programs, and environmental conservation [4][6] - Augie's Quest to Cure ALS, founded in 2005, aims to support ALS research and enhance patient care, particularly for military personnel and athletes [4][6]