earnings
confidence high
sentiment positive
materiality 0.75
Remitly Q2 revenue $157.3M (+42% YoY); raises FY 2022 revenue and EBITDA guidance
Remitly Global, Inc.
2022-Q2 EPS reported
-$0.37
revenue$293,269,000
- Revenue $157.3M, up 42% YoY from $111.1M; net loss $38.2M; Adjusted EBITDA $(5.3)M.
- Active customers 3.4M (+43% YoY); send volume $7.0B (+40% YoY).
- FY 2022 revenue guidance raised to $625-630M (prior $610-620M); Adjusted EBITDA guidance raised to $(35)-(30)M (prior $(40)-(30)M).
- CEO cites customer resilience and expects continued progress on strategic growth initiatives in H2.