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Dec 31, 2021
Remit Global Q4 2021 Earnings Report
Remitly's Q4 2021 earnings were reported, demonstrating strong growth in active customers, send volume, and revenue, but also an increased net loss.
Key Takeaways
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.
Active customers increased 50% year over year, reaching 2.8 million.
Send volume increased 64% year over year, totaling $6.0 billion.
Revenue increased 69% year over year, reaching $135.3 million.
Net loss was $16.6 million, compared to $9.0 million in the fourth quarter of 2020.
Forward Guidance
For fiscal year 2022, Remitly expects total revenue in the range of $605 million to $615 million, representing a growth rate of 32% to 34% year over year and Adjusted EBITDA in the range of $(40) million to $(30) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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