Life Time Group Holdings, Inc (NYSE:LTH) dropped more than 6% on Wednesday after the company reported its Q4 results, with revenue of $472.7 million coming in slightly lower than the Street estimate of $472.88 million. EPS was $0.07, better than the Street estimate of $0.05.
Adjusted EBITDA came in at $107M million (up 123% year-over-year), driven in part by sales leverage, as well as meaningful cost reductions, both in-center and on the G&A line.
The company expects Q1/23 revenue in the range of $505-510 million, compared to the Street estimate of $509.8 million. For the full year, the company expects revenue of $2.2-2.3 billion, compared to the Street estimate of $2.25 billion.