Remitly Q4 rev +39%; FY2023 adj. EBITDA turns positive at $44.5M; FY2024 guidance 30-32% growth

Remitly Global, Inc.

2023-FY EPS reported -$0.65 revenue$944,285,000

Q4 2023 revenue $264.8M (+39% YoY); active customers 5.9M (+41%).
Full year 2023 revenue $944.3M (+44% YoY); send volume $39.5B (+38%).
FY2023 net loss $117.8M (wider than $114.0M in FY2022); adjusted EBITDA $44.5M (from -$13.6M).
FY2024 outlook: revenue $1.225-1.25B (30-32% growth), adj. EBITDA $75-90M.

item 2.02 item 7.01 item 9.01

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 2024 results: revenue Total revenue in the range of $1,225 million to $1,250 million. Guidance reaffirmed.

Period: fiscal year 2024
Revenue: Total revenue in the range of $1,225 million to $1,250 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For fiscal year 2024 , Remitly currently expects: • Total revenue in the range of $1,225 million to $1,250 million, representing a growth rate of 30% to 32% year over year. • To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $75 million to $90 million.

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Source: SEC EDGAR

accession 0001782170-24-000030

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