Soho House & Co. Inc. has reported its second quarter financial results, highlighting a robust performance driven by its membership model. Total revenues increased by 9% year-over-year, while other revenues grew by 7.3% to $78.7 million, propelled by strong growth in Soho Home. The company achieved a net income attributable to Soho House & Co. Inc. of $24.9 million, translating to an earnings per share of $0.13. Adjusted EBITDA rose significantly to $46.1 million, up from $31.5 million in the same quarter of the previous year, marking a 46% improvement. CEO Andrew Carnie emphasized the success of strategic initiatives aimed at enhancing member experiences and operational efficiency. Recent business updates include experiential openings such as Soho Farmhouse Ibiza and the introduction of new Soho Health Clubs within the Houses.
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