Alight Inc ( (ALIT) ) has released its Q4 earnings. Here is a breakdown of the information Alight Inc presented to its investors.
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Alight Inc., a cloud-based human capital and technology-enabled services provider, has released its financial results for the fourth quarter and full year of 2024. The company specializes in offering solutions for employee benefits, health, and financial wellness through its Alight Worklife platform.
Alight’s fourth quarter of 2024 ended on a stable note, with revenue slightly declining by 0.3% to $680 million, while its net income improved significantly to $29 million from a net loss of $121 million in the previous year. The full year 2024 saw a 2.3% reduction in revenue to $2,332 million, yet the company reduced its net loss to $140 million compared to $317 million in 2023.
Key financial highlights for the quarter include a growth in BPaaS revenue by 9.8% and an improvement in adjusted EBITDA to $217 million. Alight also increased its stock repurchase program by $200 million and reported new partnerships with notable companies. For the full year, the company achieved a 15% increase in BPaaS revenue and adjusted EBITDA growth to $556 million.
Looking forward, Alight’s management anticipates 2025 as a transitional year with improved revenue growth, profit margins, and cash flow. The company’s outlook projects revenue between $2,318 million and $2,388 million, with an adjusted EBITDA of $620 million to $645 million, indicating a positive trajectory for the coming year.
