Soho House Soars 15.53% on Revenue Growth

Soho House's stock price surged by 15.53% in pre-market trading on April 1, 2025, marking a significant rise in investor confidence.

Soho House & Co Inc. reported a 7.0% year-over-year increase in total revenues for the fiscal year 2024, reaching $1,203.8 million. Membership revenues saw a substantial increase of 17.2%, totaling $418.0 million. This growth indicates a strong demand for the company's membership services and reflects its successful expansion strategies.

In the fourth quarter of 2024, Soho House reported a loss of $91.7 million, which was attributed to various operational challenges. Despite this, the company's revenue for the quarter was $305.56 million, slightly above the consensus estimate of $305.54 million. This discrepancy suggests that while the company faced financial setbacks, it managed to maintain a steady revenue stream.

Soho House's adjusted loss per share for the quarter ended December 31, 2024, was 43 cents, lower than the same period last year. This indicates that the company is working towards improving its financial performance and reducing losses. The strong results delivered in 2024 demonstrate the company's focus on delivering value to its members and shareholders.