Flywire Corporation (NASDAQ:FLYW) Q4 2022 Results Conference Call February 28, 2023 5:00 PM ET
Company Participants
Akil Hollis - Vice President of Investor Relations and FP&A
Mike Massaro - Chief Executive Officer
Rob Orgel - President and Chief Operating Officer
Mike Ellis - Chief Financial Officer
Conference Call Participants
Dan Perlin - RBC Capital Markets
Jason Kupferberg - Bank of America
Ashwin Shirvaikar - Citi
John Davis - Raymond James
Bob Napoli - William Blair
Darrin Peller - Wolfe Research
Tien-Tsin Huang - JPMorgan
Operator
Greetings, and welcome to the Flywire Corporation Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Akil Hollis. Please go ahead.
Akil Hollis
Thank you, and good afternoon. With me on today's call are Mike Massaro, Chief Executive Officer; Rob Orgel, President and Chief Operating Officer; and Mike Ellis, Chief Financial Officer.
Our fourth quarter and fiscal year 2022 earnings press release, supplemental presentation and when filed associated annual report on Form 10-K can be found at ir.flywire.com.
During the call, we will be discussing certain forward-looking information. Actual results could differ materially from those contemplated by these forward-looking statements. We will also be discussing certain non-GAAP financial measures. Please refer to our press release and SEC filings for more information on the risks regarding these forward-looking statements that could cause actual results to differ materially. Risk factors associated with our business and required disclosures related to non-GAAP financial measures.
This call is being webcast live and will be available for replay on our website. I would now like to turn the call over to Mike Massaro.
Mike Massaro
Thank you, Akil, and thank you to everyone that is joining us today. We are pleased to share our Q4 and fiscal year 2022 results here with you all today. These results continue to show strong performance across the business. We are also eager to share our business priorities and financial outlook for 2023, as well, during this call. In a few minutes, Rob Orgel, our President and COO; as well as Mike Ellis, our CFO, will go into greater detail about our results during the quarter. But first, I will start with a few financial highlights.
First, let's start with the fourth quarter. Revenue less ancillary services was $67.4 million, representing year-over-year growth of 47% or 57% on a constant currency basis. Adjusted gross profit for the quarter was $44.5 million, an increase of 40% year-over-year and adjusted EBITDA was $1 million for the quarter. As our Q4 results now cap off another great year for Flywire, I want to take a few moments to talk about some of the things we were able to achieve in fiscal year 2022, a truly exceptional year for Flywire.