earnings
confidence high
sentiment positive
materiality 0.75
Remitly Q2 revenue $306.4M (+31% YoY); raises FY 2024 EBITDA outlook
Remitly Global, Inc.
2024-Q2 EPS reported
-$0.17
revenue$575,541,000
- Revenue of $306.4M, up 31% YoY; net loss improved 36% to $12.1M from $18.9M.
- Active customers rose 36% to 6.9M; send volume $13.2B, up 38%.
- Adjusted EBITDA $25.1M (+23% YoY), above prior expectations.
- FY 2024 revenue outlook raised to $1.23-1.25B (prior $1.225-1.25B); Adjusted EBITDA guided to $90-100M (prior $85-95M).