Planet Fitness, Inc. Announces Third Quarter 2025 Results

Core Insights - Planet Fitness reported a total revenue increase of 13.0% to $330.3 million for Q3 2025, driven by system-wide same club sales growth of 6.9% [3][7] - The company raised its full-year growth outlook for 2025, expecting adjusted net income to increase in the range of 13% to 14% [9][10] - The company repurchased approximately $100 million of its shares during the quarter [1] Financial Performance - Total revenue for Q3 2025 was $330.3 million, up from $292.2 million in the prior year [7] - Net income attributable to Planet Fitness, Inc. was $58.8 million, or $0.70 per diluted share, compared to $42.0 million, or $0.50 per diluted share, in the prior year [7] - Adjusted EBITDA increased by $17.7 million to $140.8 million from $123.1 million in the prior year [7] Segment Performance - Franchise segment revenue increased by 11.0% to $113.7 million, with a same club sales increase of 7.1% contributing to higher royalty revenue [8] - Corporate-owned clubs segment revenue rose by 7.6% to $137.8 million, driven by a same club sales increase of 6.0% [8] - Equipment segment revenue surged by 27.8% to $78.8 million, attributed to higher sales to both existing and new franchisee-owned clubs [8] Growth Outlook - The company expects system-wide same club sales growth of approximately 6.5%, up from a previous estimate of 6.0% [9] - Revenue is now expected to increase by approximately 11%, up from 10% [9] - The company anticipates new club openings of approximately 160 to 170 locations [9] Operational Highlights - 35 new Planet Fitness clubs were opened during the quarter, bringing the total to 2,795 clubs as of September 30, 2025 [7] - Cash and marketable securities totaled $577.9 million, including cash and cash equivalents of $329.0 million [7]