Having increased year-on-year revenues by 18.2 per cent in 2024 – to US$2.6 billion – US operator, Life Time has raised its outlook for 2025.

Adjusted EBITDA increased 28.5 per cent to US$177 million for the fourth quarter and 26.1 per cent to US$676.8 million for the year.

Bahram Akradi, founder, chair and CEO, says: “We delivered strong double-digit revenue and adjusted EBITDA growth, reduced our leverage, and generated positive free cash flow. We exceeded every single financial objective we had set forth.

“More importantly, the strength and desirability of Life Time resulted in record levels of member engagement, coupled with our highest level of visits per membership and record membership retention, driving the highest revenue per membership we have seen in our 32-year history.

“We remain well positioned to continue to execute on the significant growth opportunities ahead while maintaining the strength of our margin profile and balance sheet."

Revenue increases were attributed to continued strong growth in membership dues and in-centre revenue, driven by an increase in average prices, membership growth in the new and ramping centres and higher member utilisation of offerings.

Two new centres launched during the fourth quarter and eight during the year. As of December 31, 2024, 179 clubs were operational. There are plans to open 10 to 12 new clubs in 2025, as well as roll out recovery facilities.

The company has stated it is aiming for comparable centre revenue growth of 7 to 8 per cent and expects 2025 year-end revenue to be between $2,910 million and $2,970 million.