Quarterly report pursuant to Section 13 or 15(d)

Revenue

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Revenue
6 Months Ended
Jun. 30, 2024
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 six months ended June 30, 2024 and 2023:
Three Months Ended
June 30,
Six Months Ended
June 30,
2024 2023 2024 2023
Membership dues and enrollment fees $ 462,696  $ 387,115  $ 888,107 $ 744,603
In-center revenue 182,311  155,010  337,385 295,274
Total center revenue 645,007  542,125  1,225,492 1,039,877
Other revenue 22,754  19,606  38,986 32,705
Total revenue $ 667,761  $ 561,731  $ 1,264,478 $ 1,072,582
The timing associated with the revenue we recognized during the three months ended June 30, 2024 and 2023 is as follows:
Three Months Ended June 30, 2024 Three Months Ended June 30, 2023
Center
Revenue
Other
Revenue
Total
Revenue
Center
Revenue
Other
Revenue
Total
Revenue
Goods and services transferred over time $ 567,920 $ 22,754 $ 590,674 $ 476,332 $ 19,606 $ 495,938
Goods and services transferred at a point in time 77,087 77,087 65,793 65,793
Total revenue $ 645,007 $ 22,754 $ 667,761 $ 542,125 $ 19,606 $ 561,731
The timing associated with the revenue we recognized during the six months ended June 30, 2024 and 2023 is as follows:
Six Months Ended June 30, 2024 Six Months Ended June 30, 2023
Center
Revenue
Other
Revenue
Total
Revenue
Center
Revenue
Other
Revenue
Total
Revenue
Goods and services transferred over time $ 1,084,753 $ 38,986 $ 1,123,739 $ 915,349 $ 32,705 $ 948,054
Goods and services transferred at a point in time 140,739 140,739 124,528 124,528
Total revenue $ 1,225,492 $ 38,986 $ 1,264,478 $ 1,039,877 $ 32,705 $ 1,072,582
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 in-center services offerings, as well as our media and athletic events. Contract liabilities at June 30, 2024 and December 31, 2023 were $52.1 million and $49.9 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 June 30, 2024 and December 31, 2023 was $51.9 million and $49.3 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 June 30, 2024 and December 31, 2023 were $0.2 million and $0.6 million, respectively, and consist primarily of deferred enrollment fees.