Viva Leisure generates $10 million in monthly revenue through May

Leading fitness club owner and operator Viva Leisure has announced that it achieved $10 million in monthly revenue for the first time during May. 

In the group’s latest market update it advised that it had reach the $10 million income target one month earlier than expected while, as of 30th April, membership numbers had increased to 150,000.

Key highlights for March and April it achieved at record monthly Revenue Run Rate (MRRR) of $9.5 million in April 2022, up 10.3% on previously reported February 2022 MRRR with annualised Revenue Run Rate now exceeding $116 million.

Commenting on the company’s strong performance, Viva Leisure Chief Executive and Managing Director, Harry Konstantinou advised “Viva Leisure performed very well over March and April, achieving an average monthly revenue run rate of $9.5 million supported by an increase of about 5,000 corporate members. This momentum is accelerating as we build on our record level of 150,000 corporate members.

“We achieved $10 million average monthly run rate in May, one month earlier than previously expected, and are aiming for a 20% margin milestone in June. With three clubs in Western Australia still to complete and increasing yield as our clubs return towards optimum capacity thanks to the trust and rapport we have with our customer base.

“We have continued the rollout of our growth strategy, entering the Western Australian market with five Plus Fitness acquisitions. Along with an additional three acquisitions expected to settle in June, this cements Viva’s position as Australia’s second largest operator in the Australian health and leisure industry, and the only one that operates in all four segments of the fitness industry.

“With our industry-leading, propriety technology platform that generates deep insights into the use of our 350+ clubs in real time, our highly scalable growth strategy allows us to enter new territories quickly and effectively with complementary services. As a result, our strong and growing bi-monthly performances and accelerating run rate gives us confidence that we will exceed the FY22 revenue guidance previously provided.”