Bright Horizons Posts Q3 Loss on $290 Million Goodwill Impairment; Revenue Up 4.8%

Bright Horizons Family Solutions Inc. (BFAM) on Thursday reported a third-quarter net loss of $230.7 million, or $4.76 per share, reversing a profit of $78.6 million, or $1.37 per share, a year earlier, as a $290 million goodwill impairment charge tied to its international full-service operations weighed on results. Revenue rose 4.8% to $841.5 million from $802.8 million, driven by back-up care revenue, which climbed to $286.4 million from $253.4 million. Full-service center-based child care revenue edged up to $522.0 million. The impairment pushed the company to an operating loss of $187.1 million, versus operating income of $120.8 million a year earlier. Adjusted net income fell to $87.5 million, or $1.80 per share, from $90.1 million, or $1.57 per share. For full-year 2026, Bright Horizons expects revenue of approximately $3.07 billion and adjusted earnings per share of $4.98 to $5.03.