earnings
confidence high
sentiment positive
materiality 0.75
Remitly Q3 revenue up 39% to $336.5M, net income $1.9M; raises FY 2024 guidance
Remitly Global, Inc.
2024-Q3 EPS reported
-$0.16
revenue$912,068,000
- Active customers 7.3M (+35% YoY); send volume $14.5B (+42% YoY).
- Revenue $336.5M (+39% YoY); GAAP net income $1.9M vs loss of $35.7M a year ago.
- Adjusted EBITDA $46.7M, up 345% YoY from $10.5M.
- Raises FY2024 revenue guidance to $1.250B-$1.254B from prior $1.230B-$1.250B.
- FY2024 Adjusted EBITDA guidance raised to $108M-$112M; Q4 rev guidance $338M-$342M.