Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.23.3
Revenue
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue associated with our membership dues, enrollment fees, and certain services from our in-center businesses is recognized over time as earned. Revenue associated with products and services offered in our cafes and spas, as well as through e-commerce, is recognized at a point in time. The following is a summary of revenue, by major revenue stream, that we recognized during the three and nine months ended September 30, 2023 and 2022:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2023 2022 2023 2022
Membership dues and enrollment fees $ 407,903  $ 335,717  $ 1,152,506 $ 916,895
In-center revenue 160,499  144,278  455,773 390,603
Total center revenue 568,402  479,995  1,608,279 1,307,498
Other revenue 16,775  16,386  49,480 42,404
Total revenue $ 585,177  $ 496,381  $ 1,657,759 $ 1,349,902
The timing associated with the revenue we recognized during the three months ended September 30, 2023 and 2022 is as follows:
Three Months Ended September 30, 2023 Three Months Ended September 30, 2022
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 502,003 $ 16,775 $ 518,778 $ 419,758 $ 16,386 $ 436,144
Goods and services transferred at a point in time 66,399 — 66,399 60,237 — 60,237
Total revenue $ 568,402 $ 16,775 $ 585,177 $ 479,995 $ 16,386 $ 496,381
The timing associated with the revenue we recognized during the nine months ended September 30, 2023 and 2022 is as follows:
Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 1,417,352 $ 49,480 $ 1,466,832 $ 1,137,643 $ 42,404 $ 1,180,047
Goods and services transferred at a point in time 190,927 — 190,927 169,855 — 169,855
Total revenue $ 1,608,279 $ 49,480 $ 1,657,759 $ 1,307,498 $ 42,404 $ 1,349,902
Contract liabilities represent payments or consideration received in advance for goods or services that the Company has not yet transferred to the customer. Contract liabilities consist primarily of deferred revenue for fees collected in advance for membership dues, enrollment fees, Dynamic Personal Training and other center services offerings, as well as our media and athletic events. Contract liabilities at September 30, 2023 and December 31, 2022 were $40.1 million and $38.9 million, respectively.
Contract liabilities that will be recognized within one year are classified as deferred revenue in our condensed consolidated balance sheets. Deferred revenue at September 30, 2023 and December 31, 2022 was $39.4 million and $36.9 million, respectively, and consists primarily of prepaid membership dues, enrollment fees, Dynamic Personal Training and other in-center services, as well as media and athletic events. Contract liabilities that will be recognized in a future period greater than one year are classified as a component of Other liabilities in our condensed consolidated balance sheets. Long-term contract liabilities at September 30, 2023 and December 31, 2022 were $0.7 million and $2.0 million, respectively, and consist primarily of deferred enrollment fees.