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Investing.com -- Bright Horizons Family Solutions Inc. (NYSE:BFAM) saw its shares surge 10.5% in after-hours trading Thursday after the early education and child care provider reported third-quarter earnings that significantly exceeded analyst expectations and raised its full-year outlook.
The company reported adjusted earnings per share of $1.57 for the third quarter, handily beating the analyst estimate of $1.32. Revenue jumped 12% YoY to $803 million, surpassing the consensus forecast of $780.64 million.
The strong performance was primarily driven by increased utilization in Bright Horizons’ Back-Up Care services and enrollment gains in its child care centers. The company’s adjusted EBITDA rose 29% to $156.1 million, while adjusted income from operations increased 39% to $124.5 million compared to the same period last year.
"We posted a strong third quarter that again highlights the value of our unique employer sponsored model," said Stephen Kramer, Chief Executive Officer. "Back-Up Care outperformance was driven by higher utilization among client employees supported by increased supply of owned and third-party care providers."
Looking ahead, Bright Horizons raised its full-year 2025 guidance, now expecting revenue of approximately $2.93 billion, above the consensus estimate of $2.91 billion. The company also projects full-year adjusted earnings per share between $4.48 and $4.53, compared to analysts’ expectations of $4.25.
As of September 30, 2025, the company operated 1,013 early education and child care centers with capacity to serve approximately 115,000 children. Bright Horizons maintained a strong balance sheet with $116.6 million in cash and cash equivalents and $411.8 million available for borrowing under its revolving credit facility at quarter-end.
In the first nine months of 2025, the company generated $202.8 million in cash from operations, compared to $216.8 million for the same period in 2024.
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