Earnings release
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Brookfield Press Release Brookfield Business Partners Reports Third Quarter 2021 Results Brookfield , News , November 5 , 2021 - Brookfield Business Partners L.P. ( NYSE : BBU ) ( TSX : BBU.UN ) ( " Brookfield Business Partners " ) announced financial results for the quarter ended September 30 , 2021 . " We had a strong third quarter and our operations are performing well , " said Cyrus Madon , CEO of Brookfield Business Partners . " We reached an agreement to acquire a global lottery services and technology business , closed two of our recently announced acquisitions , and are in an excellent position to continue building value in our business . " Three Months Ended September 30 , Nine Months Ended September 30 , US $ millions ( except per unit amounts ) , unaudited Net income ( loss ) attributable to unitholders ' 2021 2020 2021 2020 $ Net income ( loss ) per limited partnership unit2,3 $ 87 $ 0.59 $ ( 19 ) $ ( 0.12 ) $ 602 $ ( 254 ) 3.53 $ ( 1.69 ) Adjusted EBITDA 1,5 $ 443 $ 381 $ 1,211 $ 961 Adjusted FFO1,4 $ 276 $ 208 $ 1,177 $ 575 Adjusted FFO per unit² $ 1.86 $ 1.39 $ 7.93 $ 3.83 Adjusted F excluding gain ( loss ) , net of acquisitions / dispositions $ 276 $ 208 $ 700 $ 533 Adjusted FFO , excluding gain ( loss ) , net of acquisitions / dispositions per unit² $ 1.86 $ 1.39 $ 4.72 $ 3.55 Adjusted EBITDA for the three months ended September 30 , 2021 was $ 443 million compared to $ 381 million for the comparative three months last year , reflecting increased contributions from our Business Services and Industrials segments . For the three months ended September 30 , 2021 , Adjusted FFO was $ 276 million ( $ 1.86 per unit ) compared to $ 208 million ( $ 1.39 per unit ) in the prior year . Net income attributable to unitholders for the three months ended September 30 , 2021 was $ 87 million ( $ 0.59 per unit ) compared to net loss of $ 19 million ( loss of $ 0.12 per unit ) for the three months ended September 30 , 2020. Prior year results included provisions recorded during the period , partially offset by mark - to - market gains on financial assets including public securities investments . Brookfield Business Partners L.P. 1