earnings
confidence high
sentiment neutral
materiality 0.75
Flywire Q2 revenue up 22% to $103.7M; guides FY revenue lower, raises EBITDA outlook; authorizes $150M buyback
Flywire Corp
2024-Q2 EPS reported
-$0.16
revenue$217,779,000
- Q2 revenue $103.7M (+22% YoY); Revenue Less Ancillary Services $99.9M (+26% YoY).
- Adjusted EBITDA $5.8M vs ($0.1M) YoY; net loss improved to $13.9M from $16.8M.
- FY2024 revenue guidance lowered to $483-$506M due to Canadian education headwinds; Adjusted EBITDA guidance raised to $72-$80M.
- Board authorized $150M share repurchase program; acquired Invoiced (AR SaaS platform, terms undisclosed).
- Signed 200+ new clients in Q2; total payment volume $4.9B (+19% YoY).