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Stock impact report

Flywire Reports First Quarter 2022 Financial Results

Flywire Corporation - Voting (FLYW) 
Company Research Source: GlobeNewswire
First Quarter Revenue Increased 43% Year-over-Year First Quarter Revenue Less Ancillary Services Increased 47% Year-over-YearFirst Quarter Total Payment Volume Increased 46% Year-over-Year BOSTON, May 10, 2022 (GLOBE NEWSWIRE) --  Flywire Corporation (Nasdaq: FLYW) (the “Company”) a global payments enablement and software company, today reported financial results for its first quarter ended March 31, 2022. "Flywire posted a strong start to 2022, with first quarter revenue increasing 43% and revenue less ancillary services increasing 47% compared to the first quarter of 2021, driven primarily by growth in education and travel,” said Mike Massaro, CEO of Flywire. "We added over 130 clients in Q1, the most clients added in a quarter since our IPO, reflecting the continued execution of our growth strategies and investments. Our primary verticals have been resilient despite global and macro uncertainties, with strong secular tailwinds that we believe will continue to drive our g Show less Read more
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