Skift Take
The upscale members' club saw mounting losses despite a jump in membership during the fourth quarter. Has rapid growth ruined its exclusivity?
Soho House, a brand offering members' clubs and hotels, reported Friday that it lost $57 million in the fourth quarter but had seen a significant increase in its membership count.
The travel brand continues to struggle with profitability, having not earned a profit in 28 years. It said its adjusted EBITDA was $36.6 million in the quarter, up from $13.4 million a year earlier.
Soho House's financial report came a month after short-se