Flywire Corp Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tyler DuPont - BofA Securities, Research Division - Analyst : This is Tyler DuPont on for Jason. I wanted to start by first asking about the upside surprise to revenue during the quarter. When looking at the business, I know 2Q is more of a seasonal low point when it comes to education. But if you could just break out sort of where the growth really came from? For example, was it a quicker ramp-up in APAC travel? And when just thinking about the back half of the year, just sort of given the current macro environment, are there any puts and takes there worth considering?

Question: Tyler DuPont - BofA Securities, Research Division - Analyst : Yes, it does. I appreciate that. And then just as a follow-up. At first glance, the updated guide looks like revenue was raised by more than the EBIT --- EBITDA was raised essentially by the EBIT. I know you mentioned that there's going to be some increased expenses that got moved into the back half of the year. But I was wondering if you could maybe just level set for us what sort of investments the company is planning on implementing in the back half? And then are those incremental? Or just any update there.