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Life Time Expands CTR Reformer Workout Nationwide Amid Soaring Demand
Prnewswire· 2025-11-06 15:53
Core Insights - Life Time is expanding its CTR (Core. Tone. Reform.) program, a high-energy, Pilates-inspired reformer workout, to nearly 30 locations by the end of 2025, with a goal of over 60 locations by the end of 2026 [1][4] - The demand for reformer-based workouts has surged, with participation growing more than 70% since 2022, indicating a strong market trend towards this type of fitness [3] - Life Time's commitment to innovation and member experience is evident in the success of CTR, which has led to waitlists and increased class offerings in clubs where it has launched [4] Company Expansion Plans - CTR has debuted in 10 Life Time athletic country clubs, with 18 additional locations expected to be completed by the end of the year [1] - The program is set to expand to major cities including Atlanta, Chicago, Dallas, and New York City, reflecting a strategic growth initiative [4] - Life Time anticipates doubling the program's footprint in 2026, further enhancing its national presence [4] Member Engagement and Offerings - The introduction of CTR is driving interest in Life Time's broader Pilates offerings, which have been available for nearly 20 years, with over 175 dedicated studios and 800 certified instructors [5] - The Life Time app provides access to a wide range of on-demand and livestream classes, catering to members who may not be near a physical location [6] - Life Time's ecosystem supports healthy living and aging, appealing to a diverse demographic from ages 90 days to 90+ years [7]
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].
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 to Report Third Quarter 2025 Financial Results on November 4, 2025
Prnewswire· 2025-10-09 18:46
Core Viewpoint - Life Time Group Holdings, Inc. will release its financial results for the third quarter of 2025 on November 4, 2025, before market open, followed by a conference call to discuss the results and provide a business update [1]. Group 1: Financial Results Announcement - The financial results for Q3 2025 will be announced before the market opens on November 4, 2025 [1]. - A conference call is scheduled for 10:00 a.m. ET on the same day to discuss the financial results [1]. Group 2: Participation and Replay Information - A live audio webcast of the conference call will be available at the company's investor relations website [2]. - A recorded replay of the conference call will be accessible approximately three hours after the call concludes and will be available until November 18, 2025 [7]. Group 3: Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada and offers a comprehensive app featuring an AI-powered health companion [4]. - The company serves a wide demographic, from ages 90 days to 90+ years, focusing on healthy living, aging, and entertainment experiences [4]. - Life Time is recognized as a Great Place to Work® and is committed to maintaining a strong culture for its 49,000 team members [4].
Life Time Announces 2nd Annual 30 Strong Challenge to Help Members Build Healthy Fall Habits: Registration Open for Oct. 6 Kickoff
Prnewswire· 2025-09-18 15:45
Core Insights - Life Time announced the return of its 30 Strong Challenge, a 30-day wellness program designed to help members establish healthy habits as seasons change [1][2] - The inaugural year saw over 50,000 participants, leading to the addition of a new daily habit for this year's challenge [3] - The program includes eight daily habits aimed at promoting overall health and well-being [3][4] Program Details - Registration for the 30 Strong Challenge is open, with the program running from October 6 to November 4 [2] - Participants will receive a complimentary 50-minute functional training session and a Get Started Guide with tips and strategies [4] - The eight daily habits include spending time in nature, daily workouts, protein intake, hydration goals, self-care, eliminating alcohol, and ensuring adequate sleep [4] Technology and Support - Life Time's app features L•AI•C, an AI-powered health companion providing guidance on fitness, nutrition, and recovery [5] - The app also offers access to a variety of on-demand and livestream classes led by top instructors [5] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada, focusing on healthy living and aging [7] - The company is recognized for its exceptional workplace culture and commitment to its 49,000 team members [7]
Life Time Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-05 10:45
Core Insights - Life Time Group Holdings, Inc. reported strong financial results for the second quarter of fiscal 2025, with total revenue reaching $761.5 million, a 14.0% increase year-over-year, driven by growth in membership dues and in-center revenue [6][7][12] - The company achieved a net income of $72.1 million, reflecting a 36.6% increase compared to the same quarter last year, and an adjusted net income of $84.1 million, up 60.5% [6][12][13] - Life Time's balance sheet remains strong, with a net debt leverage ratio reduced to 1.8 times and total available liquidity of $794.0 million as of June 30, 2025 [14][12] Financial Performance - Total revenue for the six months ended June 30, 2025, was $1,467.5 million, a 16.1% increase from the prior year [6][12] - Adjusted EBITDA for the second quarter was $211.0 million, a 21.6% increase year-over-year, indicating improved operational efficiency [6][12][13] - The company achieved positive free cash flow of $112.5 million for the second quarter and $153.8 million for the six months ended June 30, 2025 [13][14] Membership and Operations - Center memberships increased by 2.0% year-over-year to 849,643, with total memberships, including on-hold memberships, reaching 898,850 [7][29] - The average center revenue per center membership rose to $888, an 11.8% increase compared to the previous year [6][29] - Life Time opened four new centers during the second quarter, bringing the total to 184 centers [12][29] Capital Expenditures and Growth Outlook - Growth capital expenditures for the second quarter were $167.0 million, a 53.8% increase from the prior year, reflecting ongoing expansion efforts [9][12] - The company raised its full-year 2025 guidance, projecting revenue between $2,955 million and $2,985 million, representing a 13.3% increase from the previous year [12][19] - Life Time plans to manage its net debt leverage ratio to remain at or below 2.00 times and anticipates comparable center revenue growth of 9.5% to 10.0% [19][12]
Life Time Launches Complimentary AI Health Companion for Everyone: "Just Ask L•AI•C"
Prnewswire· 2025-07-29 20:15
Core Insights - Life Time has launched L•AI•C, an AI-powered wellness companion that provides personalized workouts, nutrition, and recovery tips, leveraging over 30 years of health and wellness expertise [1][2][4] - The AI wellness market is projected to exceed $30 billion by 2030, indicating significant growth potential for Life Time's innovative offerings [1] - L•AI•C is designed to integrate with users' wearable device data over time, enhancing personalization and differentiating it from other AI tools [4][5] Company Overview - Life Time operates more than 180 athletic country clubs across the U.S. and Canada, focusing on promoting healthy living and aging [10] - The company has a comprehensive app that offers a variety of health and wellness resources, including on-demand classes, meditation sessions, and custom health programs [8][10] - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for its over 49,000 employees [10] Product Features - L•AI•C offers personalized support for workouts, nutrition, and recovery, with features such as guided exercise videos and supplement recommendations from registered dietitians [7][8] - The Life Time app includes access to hundreds of on-demand and livestream classes, meditation sessions, and a wealth of editorial content from Experience Life magazine [8][9] - The app is designed to enhance individual health journeys, providing trusted support and resources tailored to user needs [6][7]
Marine, Mom of Four, Pastry Chef Among Five Winners in Life Time's First-Ever 60XT Wellness Challenge
Prnewswire· 2025-07-21 20:31
Core Insights - Life Time announced the winners of its inaugural 60XT Challenge, an eight-week body transformation program that engaged over 25,000 participants nationwide [1][2] - Each grand prize winner received $10,000 in cash and a prize package valued at $15,000, which includes a four-night stay at Breathless Resorts & Spa and premium wellness gear [3] Participant Transformations - Raiza Costa lost 27 pounds, embraced strength training, and improved her lifestyle through the challenge [4] - Kenneth Crowder lost over 30 pounds, halved his body fat, and gained six pounds of muscle while spending more time with his family [5] - Scarlett Espinoza rebuilt her strength post-injury, losing 14 pounds and gaining six pounds of muscle [6] - Bharon Hoag lost nearly 30 pounds and redefined his mindset towards health [7] - Chaya Sanders lost over 20 pounds and 10% body fat, improving her overall well-being [8] Additional Finalists - Five other finalists received $5,000 in cash and a prize package valued at $5,000 [9] Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, offering a range of health and fitness services [12] - The company provides resources through the Life Time app, including on-demand classes and personalized support [10][11] - Life Time emphasizes a commitment to fostering a positive workplace culture, recently being certified as a Great Place to Work® [12]
Life Time to Report Second Quarter 2025 Financial Results on August 5, 2025
Prnewswire· 2025-07-08 13:00
Core Viewpoint - Life Time Group Holdings, Inc. is set to release its financial results for the second quarter of 2025 on August 5, 2025, before market opening, followed by a conference call to discuss the results and provide a business update [1]. Group 1 - The financial results announcement is scheduled for August 5, 2025, at 10:00 a.m. ET [1][6]. - A live audio webcast of the conference call will be available on the company's investor relations website [2]. - A recorded replay of the conference call will be accessible within approximately three hours after the call concludes [6]. Group 2 - Life Time operates over 180 athletic country clubs across the U.S. and Canada, and offers a comprehensive app and various athletic events [4]. - The company serves a wide demographic, from individuals aged 90 days to over 90 years, focusing on healthy living and aging [4]. - Life Time has been certified as a Great Place to Work®, highlighting its commitment to workplace culture for its over 43,000 team members [4].
Life Time Opens Eighth California Club at Historic Arden Hills Property in Sacramento on June 27
Prnewswire· 2025-06-27 12:05
Core Insights - Life Time has initiated a multi-million dollar renovation of its Arden location in Sacramento, enhancing its health and wellness offerings [1][2] - The renovation aims to elevate the member experience while preserving the legacy of the Arden Hills Athletic & Social Club, which has been operational for nearly 70 years [3][4] Company Overview - Life Time operates over 180 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles for individuals of all ages [8] - The company has recently been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture [8] Renovation Details - The first phase of the renovation includes a 17,000-square-foot workout floor equipped with advanced cardio and resistance training equipment [6] - Additional amenities include a dedicated recovery space, personalized coaching, group training spaces, and a Mind Body studio for fitness classes [6] - The facility features luxurious dressing rooms, an outdoor beach club with multiple pools, and extensive racquet sports facilities [6] Strategic Growth - The renovation of Life Time Arden is part of the company's broader growth strategy, which includes expanding in premier markets through strategic acquisitions [4] - Life Time Arden complements existing locations in Roseville and Folsom, enhancing the company's presence in Northern California [4][7]