Soho House 2025 Q2 Earnings Record Net Income Surges 179.9%

Soho House (SHCO) reported its fiscal 2025 Q2 earnings on Aug 08th, 2025. The report marked a significant turnaround for the company, with a strong rebound in profitability and revenue growth. The company's financials far exceeded expectations, with a record net income and an impressive EPS recovery.

Soho House delivered a 9.4% year-over-year revenue increase, totaling $251.13 million in 2025 Q2. The company's diverse revenue streams showed strong performance, with Membership revenues contributing $118.63 million, In-House revenues reaching $132.50 million, and Other Revenues amounting to $78.67 million. These figures highlight the company's broad base of income sources and demonstrate its ability to grow across all core segments. The overall revenue of $329.80 million underscores its continued strength in the market.

The earnings report showcased a dramatic turnaround, with Soho House reporting a net income of $24.13 million in 2025 Q2, representing a 179.9% increase from a net loss of $30.20 million in the same period last year. The company also recorded an EPS of $0.13, a significant improvement from a loss of $0.15 per share in 2024 Q2. This remarkable swing signals a strong recovery and operational efficiency.

Soho House’s stock price experienced mixed performance in recent trading periods. The stock edged down 2.80% during the latest trading day but surged 15.53% during the most recent full trading week, and was down 0.82% month-to-date as of the latest available data.

Post-earnings trading in Soho House (SHCO) shares did not yield positive results. A strategy of buying the stock after its quarterly earnings report and holding for 30 days resulted in a -19.10% return, significantly underperforming the 47.91% benchmark return over the same period. The strategy’s CAGR of -6.90%, with a maximum drawdown of 0.00% and a Sharpe ratio of -0.09, indicates a high-risk, low-reward scenario with substantial volatility, suggesting market uncertainty and mixed investor sentiment despite strong financial results.

CEO Andrew Carnie highlighted the company’s strong Q2 2025 performance, with 8.9% revenue growth to $329.8 million and a 46% increase in Adjusted EBITDA to $46.1 million. Carnie attributed the success to strategic priorities such as enhancing the member experience and improving operational efficiency. He also emphasized new offerings like Soho Health Clubs and expanded food and beverage options, which are deepening member value. Carnie expressed pride in the team’s execution during an uncertain consumer environment and acknowledged member loyalty as a key driver of growth.

The company did not provide explicit forward-looking guidance or numerical expectations in the filing. Management remains focused on strategic priorities, including membership growth, member experience enhancement, and operational improvements, with no specific financial or operational forecasts stated.

Additional News

In the three weeks following Soho House’s earnings report, several notable news items emerged in the Nigerian business and political landscape. The Nigerian used car market continued to boom as more owners sold off private vehicles amid economic hardship. Additionally, the country’s foreign direct investment (FDI) dropped by 70% in three months, signaling broader economic concerns. In the political sphere, Abia State’s Peoples Democratic Party (PDP) mocked the resignation of a former deputy governor from the party, suggesting a lack of impact on their operations. Meanwhile, a Dutch-Nigerian entrepreneur criticized former UK minister Kwasi Kwarteng, highlighting the need for criticism without renouncing Nigeria. These developments reflect a dynamic and evolving business and political environment in Nigeria.