Equinox Holdings, backed by principals of billionaire Stephen Ross’s Related Cos., reported an improvement in earnings for the three months through December as memberships grew, according to people with knowledge of the situation.
The luxury gym chain reported $35 million of adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, for the fourth quarter of 2022. That’s up year-over-year from a loss of $18 million, said the people, who asked not to be identified because the results are private.
The private company clocked in revenue of around $240 million for the quarter, representing a 42% year-over-year ...
