Membership Collective Group Inc (MCG) Reports Q3 Net Loss of $76M
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Membership Collective Group Announces Third Quarter 2021 Results
November 17, 2021 7:30 AM ESTNEW YORK--(BUSINESS WIRE)-- Membership Collective Group Inc. (MCG), (NYSE: MCG) today reported results for its third quarter ending October 3, 2021.
Strong growth across the MCG platform; Houses returning to pre-pandemic levels
Total members increased by 16,663 in the quarter to 144,503, driven by continued high retention of members, the resumption of intakes at existing Houses, new Soho House openings and the continued growth across our membership platform. Total Revenue increased 57% from the third quarter 2020 to $180m driven by the rebound of In-House Revenue, which increased 122% in the... More
