Flywire Corp. (FLYW) experienced a massive 48.58% plunge intraday on Wednesday, following the company's release of its fourth-quarter 2024 financial results and weak guidance for the 2025 fiscal year.
In the fourth quarter, Flywire reported revenue of $117.6 million, missing analysts' expectations of $118.9 million. While the company's adjusted EBITDA of $16.7 million slightly exceeded estimates, its GAAP loss per share of $0.12 widely missed the estimated loss of $0.01 per share.
The disappointing performance was exacerbated by Flywire's lackluster guidance for 2025. The company projected revenue growth of 9% to 13% on a constant currency basis, significantly below analysts' expectations of a 19% increase. Flywire attributed the weak outlook to various headwinds, including visa policy changes in key markets like Canada and Australia, which negatively impacted student enrollment and tuition payments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.