8-K
filed August 2, 2023, 7:59 PM ET
ticker RELY
CIK 0001782170
earnings
confidence high
sentiment positive
materiality 0.75
Remitly Q2 revenue $234M, up 49% YoY; adjusted EBITDA turns positive at $20.4M
Remitly Global, Inc.
2023-Q2 EPS reported
-$0.27
revenue$437,898,000
- Active customers grew to 5.0M, up 47% YoY; send volume $9.6B, up 38%.
- Revenue $234.0M (+49%); net loss narrowed to $18.9M from $38.2M.
- Adjusted EBITDA was $20.4M, improving from -$5.3M in Q2 2022.
- 2023 revenue guidance raised to $915M-$925M; adjusted EBITDA guidance raised to $33M-$40M.
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 second quarter ended June 30, 2023 results: revenue $234.0 million, net income $18.9 million.
- Period
- the second quarter ended June 30, 2023
- Revenue
- $234.0 million
- Net income
- $18.9 million
- Result
- reported results
Exact text from the filing
Revenue totaled $234.0 million, compared to $157.3 million, up 49%. • Net loss was $18.9 million, compared to a net loss of $38.2 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Remitly Global, Inc. reported fiscal year 2023 results: revenue $915 million to $925 million. Guidance raised.
- Period
- fiscal year 2023
- Revenue
- $915 million to $925 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For fiscal year 2023, Remitly currently expects: • Total revenue in the range of $915 million to $925 million, representing a growth rate of 40% to 42% year over year. This outlook reflects an increase from our prior outlook of $875 million to $895 million.
View on SEC.gov
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