Flywire(US:FLYW) Globenewswireยท2025-05-06 20:05Core Insights - Flywire Corporation reported a 17.0% year-over-year increase in revenue for the first quarter of 2025, reaching $133.5 million compared to $114.1 million in the same period of 2024 [4][23] - The company reaffirmed its fiscal year 2025 guidance, indicating strong performance and growth expectations despite macroeconomic challenges [5][6] Financial Performance - Revenue less ancillary services increased by 16.8% year-over-year to $128.7 million in Q1 2025, compared to $110.2 million in Q1 2024 [4][23] - Total payment volume rose by 20.4% to $8.4 billion in Q1 2025, up from $7.0 billion in Q1 2024 [4][23] - Adjusted EBITDA increased to $21.6 million in Q1 2025, compared to $13.2 million in Q1 2024, with adjusted EBITDA margins improving to 16.2% [10][36] Client Acquisition and Market Expansion - The company signed over 200 new clients in the first quarter, primarily in the travel and education sectors [3][4] - Flywire expanded its presence in India by partnering with major financial institutions to tap into the education loan payment market [4][18] Strategic Initiatives - A Chief Payments Officer was appointed to enhance product and payment innovation [4] - The company is focusing on strategic and operational decisions to support clients and strengthen its market position [3][5] Guidance and Future Outlook - Flywire anticipates FX-neutral revenue less ancillary services growth of 17-23% year-over-year for the fiscal year 2025 [6][7] - The company expects to maintain its full-year financial outlook while driving revenue growth and margin expansion [5][6]