Life Time Group Holdings, Inc. Q4 2025 Earnings Call Summary

Performance outperformance in 2025 was primarily driven by mature clubs reaching optimal utilization levels faster than management had initially anticipated. Management is pivoting from a volume-based model to a high-engagement, premium-price model, intentionally limiting membership counts in saturated clubs to protect the member experience. Revenue growth is being fueled by a 11.7% increase in revenue per membership, supported by higher average monthly dues and increased utilization of in-center busi ...