Alex L. Gogelov's questions to Waystar Holding Corp (WAY) leadership • Q2 2025
Question
Destiny, on behalf of Alex L. Gogelov, inquired about the revenue impact from the Change Healthcare cyber attack, asking if the benefit seen in Q1 carried over into Q2.
Answer
CFO Steve Orescovich stated that the year-over-year benefit from the competitor's cyber event has now lapped and was not a notable factor in Q2. CEO Matt Hawkins added that Waystar has seen excellent retention and cross-sell progress with the clients who migrated, and he anticipates continued market share gains due to ongoing unrest in the competitor's client base.