earnings
confidence high
sentiment positive
materiality 0.75
Flywire Q3 revenue up 29.5% to $123.3M, net income $10.6M, raises full-year outlook
Flywire Corp
2023-Q3 EPS reported
-$0.09
revenue$302,549,000
- Revenue $123.3M (+29.5% YoY); Revenue Less Ancillary Services $116.8M (+31.4% YoY).
- Net income $10.6M vs net loss $(4.3)M in Q3 2022; record adjusted EBITDA.
- Total Payment Volume $8.9B (+26% YoY); Adjusted Gross Margin 68.6% vs 70.4% YoY.
- Company raises full-year 2023 outlook before FX impacts.
- Foreign exchange headwinds impacted Revenue Less Ancillary Services by ~$1.4M in Q3.