Waystar Holding Corp. (WAY) Stock Analysis

Waystar Holding Corp (WAY) Q3 2026 Earnings Call Highlights: Revenue Jumps 21% as AI Bookings Surge

Tue, November 3, 2026 at 5:05 AM UTC 3 min read

Waystar Holding Corp (WAY) reported a 21% year-over-year revenue increase to $326 million in Q3 2026, driven by a 34% rise in subscription revenue. The company highlighted strong bookings growth of 25% year-to-date, with Iodine bookings exceeding expectations by 74%. Despite robust demand and a growing implementation backlog, Q4 revenue growth is projected at approximately 6%, influenced by a shift from print to digital statements and longer revenue conversion times for larger contracts.

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What Waystar (WAY) Said on Its Q3 Earnings Call

Tue, November 3, 2026 at 1:14 AM UTC 3 min read

Waystar (NASDAQ: WAY) reported third-quarter 2026 revenue of $326 million, a 21% increase year over year, driven by growth in subscriptions and demand for AI-enabled products. Despite strong commercial activity and a 25% rise in year-to-date bookings, the company lowered its full-year revenue outlook due to timing and mix factors affecting fourth-quarter growth. Waystar's adjusted EBITDA rose 24% to $139 million, with a 43% adjusted EBITDA margin, while it secured its largest new customer contract to date.

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