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Dec 31, 2022
Bright Horizons Q4 2022 Earnings Report
Bright Horizons reported a revenue increase of 15% and an operating income increase of 12% compared to Q4 2021.
Key Takeaways
Bright Horizons Family Solutions reported strong Q4 2022 financial results, with revenue growth across all service lines. The company achieved enrollment growth goals and saw solid use and participation in Back-Up Care and Educational Advisory services. They enter 2023 with a strong foundation and are well-positioned to capitalize on growth prospects.
Revenue increased by 15% to $530 million compared to Q4 2021.
Income from operations increased by 12% to $40 million compared to Q4 2021.
Net income increased by 2% to $18 million compared to Q4 2021.
Adjusted EBITDA increased by 15% to $91 million compared to Q4 2021.
Bright Horizons
Bright Horizons
Bright Horizons Revenue by Segment
Revenue by Segment
Full service center-based child care Revenue
CapyFin.comBack-up care Revenue
CapyFin.comEducational advisory services Revenue
CapyFin.com Forward Guidance
Bright Horizons expects fiscal year 2023 revenue to be in the range of $2.3 billion to $2.4 billion, and diluted adjusted earnings per common share to be in the range of $2.80 to $3.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income