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Sep 30, 2021
Alight Q3 2021 Earnings Report
Alight reported strong Q3 2021 results, driven by Employer Solutions growth and BPaaS revenue growth.
Key Takeaways
Alight reported a 3.3% increase in total revenue to $690 million, driven by a 5.0% increase in Employer Solutions revenue. BPaaS revenue grew by 19.8% to $97 million. The company reported a net loss of $120 million, mainly due to non-cash expenses related to the FTAC merger. Alight is raising its full-year outlook for the second time.
Total revenue increased by 3.3% to $690 million.
Employer Solutions revenue increased by 5.0%.
BPaaS revenue grew by 19.8% to $97 million.
Net loss of $120 million, mainly due to non-cash expenses related to the FTAC merger.
Revenue by Segment
Forward Guidance
Alight is raising its full-year 2021 revenue and Adjusted EBITDA outlook.
Positive Outlook
- Revenue growth to a range of 5% to 6%.
- Recent acquisitions leading to more opportunities.
- Positive momentum with existing businesses.
- Adjusted EBITDA growth to a range of $615 million to $625 million.
- Raising full-year outlook for a second time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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