Flywire — Feb 24, 2025 release

First Quarter and Fiscal-Year 2025 Outlook: “Effective execution drove both revenue growth and margin expansion in 2024, in spite of significant macroeconomic challenges” said Flywire’s CFO, Cosmin Pitigoi. “For our 2025 financial outlook, we project revenue less ancillary services growth of 10-14% on an FX-neutral (constant currency) basis, and a 200-400 basis point increase in adjusted EBITDA margin. We expect approximately 3 percentage points of headwind from FX throughout the year. This guidance excludes the contributions from the Sertifi acquisition, as well as any potential lessening of the macroeconomic headwinds. We are particularly encouraged by the anticipated performance of our combined travel vertical, as well as the emerging B2B vertical, both of which are expected to exceed our historical growth rate for the applicable vertical” Based on information available as of February 25, 2025, Flywire anticipates the following results for the first quarter and fiscal-year 2025 excluding Sertifi.        Fiscal-Year 2025 FX-Neutral GAAP Revenue Growth    9-13% YoY FX-Neutral Revenue Less Ancillary Services Growth    10-14% YoY Adjusted EBITDA* Margin Growth    +200-400 bps YoY        First Quarter 2025 FX-Neutral GAAP Revenue Growth    10-13% YoY FX-Neutral Revenue Less Ancillary Services Growth    11-14% YoY Adjusted EBITDA* Margin Growth    +300-600 bps YoY “Based on Sertifi’s historical financials, we currently expect the acquisition to provide incremental revenue of $3.0-4.0 million and $30.0-40.0 milli