Remitly Q3 2021 revenue $121.2M (+69% YoY); net loss widens to $13.0M

Remitly Global, Inc.

2021-Q3 EPS reported -$0.85 revenue$323,350,000

Revenue $121.2M (+69% YoY); send volume $5.2B (+61%).
Net loss $13.0M (vs $2.4M loss); includes $6.9M non-cash stock donation.
Active customers 2.6M (+51%); ARPU $47.34 (+12% YoY).
FY2021 guidance: revenue $445M-$450M (73-75% growth), Adj. EBITDA $(17)-$(19).
Adjusted EBITDA $0.3M (vs $0.6M); decline driven by stock-based compensation.

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