Remitly Reports Third Quarter 2024 Results and Raises Full Year 2024 Outlook
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: GlobeNewswire
Active customers up 35% year over yearRevenue up 39% year over yearAchieved GAAP net income profitability and record Adjusted EBITDA SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2024. “I am grateful to our customers and global teams for the exceptional third quarter results,” said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. “As our performance in the third quarter exceeded expectations, we are pleased to increase our 2024 outlook for both revenue and Adjusted EBITDA. We are excited about growth opportunities in 2025 and beyond as we execute on our vision of transforming lives with trusted financial services that transcend borders.” Third Quarter 2024 Highlights and Key Operating Data(All comparisons relative to the third quarter of 2023) Active customers increased to 7.3 million, from
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News
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at Barclays PLC from $16.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Remitly Global, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Remitly Global Stock Was Soaring This Week: Here's Why [Yahoo! Finance]Yahoo! Finance
- Remitly Global Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at JMP Securities from $22.00 to $25.00. They now have a "market outperform" rating on the stock.MarketBeat
RELY
Earnings
- 10/30/24 - Beat
RELY
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/24/24 - Form SC
- RELY's page on the SEC website