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Investing.com -- Flywire Corporation (NASDAQ:FLYW) saw its shares surge 18% after the global payments enablement company reported second-quarter revenue that significantly exceeded analyst expectations, despite posting a wider-than-expected loss.
The company reported revenue of $131.9 million for the second quarter, handily beating the analyst consensus estimate of $120.44 million and representing a 27.2% increase compared to the same period last year. However, Flywire posted an adjusted loss of -$0.10 per share, missing analyst expectations of -$0.07 per share. The company’s acquisition of Sertifi contributed $12.3 million to revenue, accounting for 12 percentage points of the overall growth.
Flywire reaffirmed its full-year 2025 guidance, projecting FX-neutral revenue growth of 17-23% YoY, with 10-14% organic growth excluding Sertifi. The company also raised its adjusted EBITDA margin growth forecast to 200-350 basis points year-over-year, demonstrating improved operational efficiency.
"Our strong Q2 results and double-digit FX-Neutral revenue growth are a testament to the high-performance culture we’ve built at Flywire and the value we provide our clients," said Mike Massaro, CEO of Flywire.
Total (EPA:TTEF) payment volume increased 22% to $5.9 billion in the quarter, with organic growth of 17% excluding Sertifi. The company signed nearly 200 new clients across all verticals during the period and expanded its presence in the travel sector, where Sertifi’s revenue grew 35% YoY on a pro-forma basis.
Flywire also announced an expansion of its share repurchase program by $150 million, bringing the total authorization to approximately $200 million, and increased its revolving credit facility from $125 million to $300 million with improved terms.
For the third quarter of 2025, Flywire expects FX-neutral revenue growth of 13-21% YoY, with organic growth of 7-13% excluding Sertifi’s anticipated $9-12 million contribution.
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