CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the parent of bike events including the Leadville 100, the Sea Otter Classic and Unbound Gravel, reports that revenue in its "other" category was up 25.7% in the first half of the year. The "other" category includes Life Time's bike and running events, a small percentage of the company's overall revenues, most of which come from its fitness centers.
Revenue for the category was $32.7 million in the half, up from $26.0 million in the same period last year. The "other" category provided about 3% of Life Time's overall revenues of $1.04 billion in the half.
Company-wide, Life Time's revenue increased 21.8% to $561.7 million from $461.3 million in the second quarter. For the first half, overall revenue of $1.04 billion was up 25.7%.
Net income for the half was $44.5 million, compared to a loss of $40.3 million in the same period last year. Comparable fitness center income was up 19.7% in the half. The company's total membership count increased by 65,000 versus last year. Life Time had 790,238 members at the end of the half.
Life Time is traded on NYSE under the LTH symbol. Stock quotes are available at ir.lifetime.life/stock-data/quote.
