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8-K filed November 2, 2022, 7:59 PM ET ticker RELY CIK 0001782170
earnings confidence high sentiment positive materiality 0.75

Remitly Q3 revenue $169.3M (+40% YoY); raises FY2022 revenue outlook to $635-640M

Remitly Global, Inc.

2022-Q3 EPS reported -$0.57 revenue$462,528,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Remitly Global, Inc. reported the third quarter ended September 30, 2022 results: revenue $169.3 million, net income $33.1 million. Guidance raised.

Period
the third quarter ended September 30, 2022
Revenue
$169.3 million
Net income
$33.1 million
Guidance
raised
Result
reported results
Exact text from the filing
Third Quarter 2022 Highlights and Key Operating Data (All comparisons relative to the third quarter of 2021) • Active customers increased to 3.8 million, from 2.6 million, up 49%. • Send volume increased to $7.5 billion, from $5.2 billion, up 44%. • Revenue totaled $169.3 million, compared to $121.2 million, up 40%. • Net loss was $33.1 million and Adjusted EBITDA was $(3.7) million. 2022 Financial Outlook For fiscal year 2022 , Remitly currently expects: • Total revenue in the range of $635 million to $640 million, representing a growth rate of 38% to 40% year over year. This outlook reflects an increase from our prior outlook of $625 million to $630 million.
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Source: SEC EDGAR
accession 0001782170-22-000149
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