A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021.
The cost of running its fitness centers, including new and ramping locations, rose 8.2% year over year during the quarter to $319.4 million, the company said.
Life Time CEO Bahram Akradi said the investments — including new pickleball courts and personal training programs — have helped drive member engagement at its clubs, with average member visits up 24% since 2019. The company has a total of 170 centers.
“With 150 billion impressions a year,…