$LTH

Life Time’s Q2 revenue grew 14% YoY to $761.5M, and memberships increased 2.0% YoY.

Higher average dues, new club growth, and record member utilization are fueling results, with personal training leading in-club revenue gains. The company opened four new clubs in Q2, bringing the total to 184.

Life Time raised full-year guidance and plans to open 10 new clubs in 2025, including LT High Performance. Sale-leaseback proceeds will fund growth, including expansion of MIORA longevity clinics beyond two current locations.

$PTON

Peloton’s Q4 revenue grew 4% YoY to $607M, beating estimates by ~$26M. Connected Fitness subscriptions fell 6% YoY to 2.80M, with churn at 1.8%.

Equipment sales exceeded expectations, boosted by secondary market demand and growth in commercial placements. Advancing strength training and AI personalization, the company also expanded commercial reach to 9K+ hotels through Hilton and Hyatt.

FY26 revenue is projected at $2.4–$2.5B (-2% YoY), with priorities including new products, wellness category expansion, and $100M in additional cost savings — including another round of layoffs.

$XPOF

Xponential’s Q2 revenue declined 1% YoY to $76.2M, while North America system-wide sales grew 12% to $473.5M. Memberships rose 8% to 863K.

Portfolio and operational shifts continue. After selling CycleBar and Rumble, Club Pilates is driving growth, with Pure Barre, YogaSix, and StretchLab launching new programs to boost same-store sales.

2025 guidance calls for declines in new studio openings (-37%), revenue (-5% YoY), and adjusted EBITDA (-7% YoY). Plans include $20M+ in Club Pilates marketing, testing dynamic pricing, and pursuing international expansion. A FitCommerce retail partnership aims to improve margins in 2026.

$PLNT

Planet Fitness’ Q2 revenue grew 13.3% YoY to $340.9M, with membership reaching 20.8M. The company opened 23 new clubs in Q2, bringing its total to 2,762 locations worldwide.

Growth was driven by rate increases, new club openings, equipment sales, and Black Card adoption. Initiatives like the High School Summer Pass and click-to-cancel rollout impacted attrition but support a long-term member-first strategy.

By EOY, Planet Fitness plans to open 160–170 new clubs, expand strength training floor space, and pilot recovery amenities such as red light therapy and cold plunge to boost value and unit economics.

$TGYM

Technogym’s H1 2025 revenue rose 14.1% YoY to $503M, with B2B sales up 15.1% and B2C up 10.4%. Adjusted EBITDA grew 27.2% to $93M.

Growth was driven by its expanding AI-powered ecosystem, including Technogym Checkup and Biostrength, plus new launches in Pilates, strength training, and premium lines. B2C retail expansion and targeted B2B channels strengthened brand positioning.

Management expects to meet 2025 growth and profitability targets while investing in innovation and brand elevation ahead of the Milano Cortina 2026 Olympics.