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Dec 31, 2021
Flywire Q4 2021 Earnings Report
Flywire reported strong Q4 2021 financial results, with revenue increasing 55% year-over-year and total payment volume increasing 75% year-over-year.
Key Takeaways
Flywire's Q4 2021 revenue increased by 55% year-over-year to $51.4 million, and total payment volume increased by 75% year-over-year to $3.1 billion. The company is focused on expanding its Go-To-Market teams and FlyMate community to capitalize on future opportunities.
Revenue increased 55% to $51.4 million in the fourth quarter of 2021, compared to $33.2 million in the fourth quarter of 2020.
Total Payment Volume increased 75% to $3.1 billion in the fourth quarter of 2021, compared to $1.8 billion in the fourth quarter of 2020.
Revenue Less Ancillary Services increased 56% to $45.9 million in the fourth quarter of 2021, compared to $29.4 million in the fourth quarter of 2020.
Net loss was $(11.2) million in the fourth quarter of 2021, compared to Net loss of $(4.0) million in the fourth quarter of 2020.
Forward Guidance
Flywire expects revenue between $59 to $63 million and Revenue Less Ancillary Services between $55 to $57 million for the first quarter of 2022. For the full year 2022, Flywire expects revenue between $266 to $276 million and Revenue Less Ancillary Services between $244 to $252 million and Adjusted EBITDA between $9 to $13 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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