From GlobeNewswire: 2025-02-25 16:06:00

Flywire Corporation reported a 17.0% increase in fourth-quarter revenue to $117.6 million, with gross profit at $74.3 million and adjusted EBITDA at $16.7 million. The company also announced a restructuring affecting 10% of its workforce. Flywire acquired Sertifi to enhance its Travel vertical, expecting revenue growth and expansion across 20,000 hotel locations worldwide.

For fiscal-year 2025, Flywire projects 10-14% FX-neutral revenue less ancillary services growth with a 200-400 basis point increase in adjusted EBITDA margin. The company anticipates a 3% FX headwind and expects contributions from the Sertifi acquisition. Flywire aims to drive growth in its travel and B2B verticals, exceeding historical growth rates.

Flywire utilizes non-GAAP measures to better understand its financial performance. Key operating metrics, revenue less ancillary services, adjusted gross profit, and adjusted EBITDA highlight the company’s strong performance in the fourth quarter and fiscal-year 2024. Flywire’s focus on operational efficiency and strategic growth initiatives positions it for continued success in 2025.



Read more at GlobeNewswire:: Flywire Reports Fourth Quarter and Fiscal-Year 2024