How Gyms Make Money: I Read Planet Fitness's Actual Accounts

Planet Fitness reported 20.8 million members across 2,896 clubs. That is 7,182 members per club — for a building that holds a few hundred people. The price only works because most of them never come. But that is the part everyone already knows. I am a group accounting director, and in this video I open the filings to follow the money past it: why members paid $5.3 billion into these gyms while the company itself reported $1.3 billion of revenue, who actually receives your monthly payment, and which of the company's three business segments is growing fastest. It is not memberships. Every figure comes from published annual reports and public filings. Sources appear on screen as they are used. Narration is an AI-generated voice. All figures come from published filings. #gymbusiness #accounting #businessexplained