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Jun 30, 2022
Flywire Q2 2022 Earnings Report
Flywire reported a strong second quarter, delivering strong revenue, adjusted gross profit and better than expected adjusted EBITDA.
Key Takeaways
Flywire reported a strong second quarter with revenue increasing 53% year-over-year to $56.5 million. Total Payment Volume increased 49% year-over-year to $2.9 billion. Net loss was $(23.8) million, compared to net loss of $(18.1) million in the second quarter of 2021.
Revenue increased 53% to $56.5 million.
Total Payment Volume increased 49% to $2.9 billion.
Revenue Less Ancillary Services increased 56% to $51.5 million.
Net loss was $(23.8) million.
Forward Guidance
Flywire anticipates revenue between $94 to $98 million for the third quarter of 2022. Flywire anticipates revenue between $283 to $294 million for the fiscal year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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