Shares of Soho House & Co Inc (SHCO) surged 6.92% in Friday's pre-market session, following the release of its better-than-expected Q3 2024 earnings results and news of a potential takeover offer.

In the third quarter, Soho House reported a 17% year-over-year increase in membership revenue to $107 million, driven by strong membership growth. Total revenue grew 14% to $333 million, and adjusted EBITDA rose 38% to $48 million, indicating improved profitability.

However, the company lowered its full-year guidance, citing weaker-than-expected demand for food, beverage, and accommodation offerings. Total revenue guidance was revised down to around $1.2 billion, while adjusted EBITDA guidance was cut to approximately $140 million from the previous range of $157-$165 million.

Adding to the stock's momentum was news that Soho House received a takeover offer from a consortium, though details of the offer were not disclosed. The company's shares have struggled in recent years, potentially making it an attractive target for investors seeking to take it private.