Financial PerformanceQ3's solid beats on EBITDA, revenue, and EBITDA margin were the latest results of membership growth, high member engagement, and strong operating leverage.
Market OpportunityThere is a tremendous opportunity for LTH to acquire new members due to its underpenetrated market share in the high-end gym market.
Strategic ShiftLTH has shifted from an asset-heavy strategy to an asset-light strategy, which is expected to result in much higher ROIC and free up cash flow for further investments.