Welcome to our dedicated page for Life Time Group Holdings news (Ticker: LTH), a resource for investors and traders seeking the latest updates and insights on Life Time Group Holdings stock.
Life Time Group Holdings Inc (NYSE: LTH) provides premium wellness experiences through its network of athletic country clubs and digital platforms. This news hub offers investors and industry observers centralized access to official corporate communications and market developments.
Track all material announcements including quarterly earnings disclosures, facility expansion plans, leadership updates, and wellness program innovations. Our curated feed ensures timely access to press releases about membership trends, digital health initiatives, and strategic partnerships.
Key coverage areas include new club openings, sustainability efforts, nutritional product launches, and participation in industry conferences. Subscribers receive alerts for regulatory filings and operational milestones that impact LTH's market position in the competitive fitness sector.
Bookmark this page for streamlined monitoring of Life Time's financial performance, member experience enhancements, and corporate responsibility programs. Combine our verified news stream with SEC filings for complete due diligence on this health-focused lifestyle enterprise.
Life Time (NYSE: LTH) is celebrating National Pickleball Month, highlighting its status as the largest operator of pickleball courts with over 500. The Association of Pickleball Professionals reports that 36.5 million people played pickleball from August 2021 to August 2022, with the fastest-growing demographic being under 24. Life Time plans to expand its pickleball courts, constructing five new permanent courts weekly, aiming for over 1,000 by the end of 2024. Success stories from various players exemplify the sport's appeal across generations and its potential for health benefits, such as weight loss and enhanced social interaction. Ajay Pant, Life Time's VP of Racquet Sports, emphasizes the joy and community spirit fostered by pickleball.
Life Time Group Holdings (NYSE: LTH) reported a 30.2% increase in revenue to $510.9 million for Q1 2023, up from $392.3 million in Q1 2022. Net income turned positive at $27.5 million, recovering from a loss of $38.0 million a year prior. Adjusted EBITDA surged 195.8% to $120.1 million. The company raised its full-year Adjusted EBITDA guidance by $30 million, now projected between $470 million and $490 million. Membership growth was robust, with a net increase of approximately 39,000 members, bringing total memberships to 813,500. Operating cash flow also improved significantly, totaling $74.3 million compared to $9.1 million in the same quarter last year.
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