Remitly Q1 revenue $269.1M (+32% YoY); raises FY 2024 Adj. EBITDA guidance to $85-95M

Remitly Global, Inc.

2024-Q1 EPS reported -$0.11 revenue$269,118,000

Active customers 6.2M (+36% YoY); send volume $11.5B (+34% YoY).
Net loss improved to $21.1M from $28.3M; Adjusted EBITDA $19.3M vs $5.4M.
FY 2024 revenue guidance $1,225-1,250M (30-32% growth); Adj. EBITDA raised to $85-95M.
CEO cited resilient customer base and improved profitability as momentum drivers.

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 0.9

Remitly Global, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $269.1 million, net income $21.1 million. Guidance raised.

Period: the fiscal quarter ended March 31, 2024
Revenue: $269.1 million
Net income: $21.1 million
Guidance: raised
Result: reported results

Exact text from the filing

quarter of 2023) • Active customers increased to 6.2 million, from 4.6 million, up 36%. • Send volume increased to $11.5 billion, from $8.5 billion, up 34%. • Revenue totaled $269.1 million, compared to $203.9 million, up 32%. • Net loss was $21.1 million, compared to $28.3 million. • Adjusted EBITDA was $19.3 million, compared to $5.4 million. 2024 Financial

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Remitly Global, Inc. filing history →

Source: SEC EDGAR

accession 0001782170-24-000121

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.