8-K
filed November 1, 2023, 7:59 PM ET
ticker RELY
CIK 0001782170
earnings
confidence high
sentiment positive
materiality 0.80
Remitly Q3 revenue up 43% to $241.6M; raises full-year guidance
Remitly Global, Inc.
2023-Q3 EPS reported
-$0.46
revenue$679,527,000
- Revenue of $241.6M, up 43% YoY; active customers 5.4M (up 42%).
- Adjusted EBITDA $10.5M vs $(3.7M) loss a year ago; net loss widened to $35.7M.
- Send volume $10.2B, up 36% YoY.
- FY 2023 revenue outlook raised to $935-943M (from $915-925M); Adjusted EBITDA $36-41M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Remitly Global, Inc. reported fiscal year 2023 results: revenue $935 million to $943 million. Guidance raised.
- Period
- fiscal year 2023
- Revenue
- $935 million to $943 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
For fiscal year 2023 , Remitly currently expects: • Total revenue in the range of $935 million to $943 million, representing a growth rate of 43% to 44% year over year. This outlook reflects an increase from our prior outlook of $915 million to $925 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Remitly Global, Inc. reported third quarter ended September 30, 2023 results: revenue $241.6 million, net income -$35.7 million. Guidance raised.
- Period
- third quarter ended September 30, 2023
- Revenue
- $241.6 million
- Net income
- -$35.7 million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
quarter of 2022) • Active customers increased to 5.4 million, from 3.8 million, up 42%. • Send volume increased to $10.2 billion, from $7.5 billion, up 36%. • Revenue totaled $241.6 million, compared to $169.3 million, up 43%. • Net loss was $35.7 million, compared to a net loss of $33.1 million. • Adjusted EBITDA was $10.5 million, compared to $(3.7) million. 2023
View on SEC.gov
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