Flywire reports Q EPS (10c), consensus 7c

Reports Q2 revenue $131.89M, consensus $120.67M. “Our strong Q2 results and double-digit FX-Neutral revenue growth are a testament to the high-performance culture we’ve built at Flywire (FLYW) and the value we provide our clients,” said Mike Massaro, CEO of Flywire. “I’m incredibly proud of our team for their skill, creativity, and unwavering commitment to client success, which has enabled us to win new business and increase our market share. We have proven that our solutions are the right fit for the verticals we serve, and we continue to expand our engagement with clients through our ‘land and expand’ strategy. This success, even amidst global uncertainty and headwinds our clients face, reflects the true character of our FlyMates. Looking ahead, I am excited about the strength of our competitive moat and the pace of innovation in our product roadmap. This can be seen clearly in our results, and the momentum is just beginning.”