Remit Global Earnings Reports

Remitly Global, Inc. delivered a strong Q4 2024 performance, with revenue growing by 33% year-over-year to $351.9 million. The company reported a net loss of $5.7 million, significantly reduced from the $35.0 million loss in the same period last year. Adjusted EBITDA surged to $43.7 million, up 434% from Q4 2023, reflecting improved operational efficiency. Active customers increased by 32%, and send volume grew by 39%, demonstrating strong customer engagement.

Remitly reported a strong third quarter in 2024, with revenue up 39% year over year and active customers increasing by 35%. The company achieved GAAP net income profitability and raised its full-year 2024 outlook for both revenue and Adjusted EBITDA.

Remitly Global, Inc. reported a successful second quarter in 2024, marked by a 36% increase in active customers, a 38% increase in send volume, and a 31% increase in revenue. The company's net loss improved by 36%, and adjusted EBITDA increased by 23%. Remitly has raised its 2024 outlook for revenue and Adjusted EBITDA.

Remitly Global reported a strong start to 2024, with a 32% increase in revenue year-over-year, reaching $269.1 million. Active customers grew by 36% to 6.2 million, and send volume increased by 34% to $11.5 billion. The company's profitability also improved, with an adjusted EBITDA of $19.3 million compared to $5.4 million in the same quarter last year. However, the company reported a net loss of $21.1 million.

Remitly Global, Inc. reported a strong fourth quarter with a 41% increase in active customers, a 38% increase in send volume, and a 39% increase in revenue. The company saw a net loss of $35.0 million, but adjusted EBITDA was $8.2 million.

Remitly reported a strong third quarter with significant year-over-year growth in active customers, send volume, and revenue. The company is increasing its revenue and Adjusted EBITDA outlook for 2023.

Remitly reported strong second-quarter results with significant increases in active customers, send volume, and revenue. The company has raised its full-year outlook for both revenue and adjusted EBITDA.

Remitly reported a strong first quarter of 2023, with revenue up 50% year-over-year, driven by a 50% increase in active customers and a 40% increase in send volume. The company remains focused on delivering a superior and trusted experience for its customers.

Remitly Global, Inc. reported a 41% increase in revenue and a 48% increase in active customers year-over-year for Q4 2022. Send volume also increased by 35% compared to Q4 2021. While the company experienced a net loss, adjusted EBITDA showed improvement.

Remitly reported a strong third quarter in 2022, with a 49% increase in active customers, a 44% increase in send volume, and a 40% increase in revenue. The company has raised its 2022 revenue outlook as a result.

Remitly Global reported a revenue increase of 42% year-over-year, reaching $157.3 million. Active customers grew by 43% to 3.4 million, and send volume increased by 40% to $7.0 billion. The company raised its revenue and Adjusted EBITDA outlook for 2022.

Remitly reported a strong start to 2022 with a 49% increase in revenue, driven by a 42% increase in active customers and a 43% increase in send volume. The company is raising its 2022 revenue outlook and continuing to invest in its services and global expansion.

Remitly reported a strong fourth quarter with significant growth in active customers, send volume, and revenue. Active customers increased by 50%, send volume increased by 64%, and revenue increased by 69%. However, the company's net loss also increased compared to the same period last year.

Remitly reported a strong third quarter with significant year-over-year growth. Revenue increased by 69% to $121.2 million, send volume increased by 61% to $5.2 billion, and active customers increased by 51% to 2.6 million. However, the net loss increased to $13.0 million, primarily due to a non-cash donation of common stock and incremental stock-based compensation expense.