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Dec 31, 2021
Alight Q4 2021 Earnings Report
Alight's Q4 2021 results reflected a strong revenue increase and improved profitability.
Key Takeaways
Alight reported a 20.0% increase in revenue to $864 million and an adjusted EBITDA increase of 28.4% to $190 million for the fourth quarter of 2021. Net income improved to $72 million from a loss of $(18) million in the prior year period. The company also provided a 2022 revenue outlook of $3.09 to $3.12 billion and an EBITDA outlook of $650 to $662 million.
Revenue increased 20.0% to $864 million.
Adjusted EBITDA increased 28.4% to $190 million.
Net income improved to $72 million from $(18) million.
BPaaS revenue grew 14.0% to $106 million, representing 12.3% of total revenue.
Alight
Alight
Alight Revenue by Segment
Revenue by Segment
BPaaS Revenue
CapyFin.com Forward Guidance
Alight is introducing its full-year 2022 outlook with Revenue of $3.09 to $3.12 billion (growth of 6% to 7%) and Adjusted EBITDA in the range of $650 million to $662 million.
Positive Outlook
- Revenue of $3.09 to $3.12 billion (growth of 6% to 7%) on a higher 2021 revenue base than the Company’s original guidance.
- Current full year 2022 outlook exceeds original outlook of $2.95 billion.
- Adjusted EBITDA in the range of $650 million to $662 million.
- This compares to the Company’s original guidance of $640 million for 2022.
- BPaaS total contract value bookings of $680 to $700 million driven by strong client reception to-date.