Flywire Lowers FY 2024 Revenue Outlook To $483M-$506M, Raises Adjusted EBITDA Guidance To $72M-$80M; Sees 3Q 2024 Revenue $146M-$157M, Sees Adjusted EBITDA At $37M-$43M
Portfolio Pulse from Benzinga Newsdesk
Flywire has lowered its FY 2024 revenue outlook to $483M-$506M but raised its adjusted EBITDA guidance to $72M-$80M. The company expects Q3 2024 revenue to be $146M-$157M and adjusted EBITDA to be $37M-$43M. The CFO highlighted resilience amid challenges in the Canadian education business and announced a share repurchase program.
August 06, 2024 | 8:17 pm
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Flywire has adjusted its FY 2024 revenue outlook downward to $483M-$506M but increased its adjusted EBITDA guidance to $72M-$80M. The company also announced a share repurchase program, indicating confidence in its stock despite challenges in the Canadian education business.
The mixed guidance—lower revenue outlook but higher adjusted EBITDA—along with the share repurchase program suggests a neutral short-term impact. The company is showing resilience despite challenges, which may balance investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100