Reports Q4 revenue $472.66M, consensus $472.81M. Average monthly dues per center membership increased approximately 20% to $162. Net center memberships declined approximately 3,500. Bahram Akradi, founder, chairman and CEO, stated: "We had a strong 2022 and believe we are entering 2023 with great momentum in our business. Our strategies are working. The strategic investments we have made are driving increased club usage and memberships. We are also optimizing our pricing to continue to enhance our member experience, increase center revenue per center membership and deliver margin expansion. In 2023, our top priority is to improve our balance sheet, including by growing our revenue and increasing our operating margin to reduce our leverage. Our entire organization is united in delivering incredible experiences to our members and continued strong financial performance."
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