SEATTLE, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences: The Citizens JMP Technology ConferenceDate: Tuesday, March 4, 2025Time: 11:30 a.m. Eastern Time / 8:30 a.m. Pacific Time Wolfe FinTech ForumDate: Tuesday, March 11, 2025Time: 9:20 a.m. Eastern Time / 6:20 a.m. Pacific Time The presentations will be webca ...

Remitly Global (RELY) Q4 2024 Earnings Call February 20, 2025 02:28 AM ET Company Participants Stephen Shulstein - VP of Investor RelationsMatt Oppenheimer - Co-Founder and CEOVikas Mehta - Chief Financial OfficerAllison Gelman - Assistant Vice President - Equity ResearchZachary Oster - Equity Research AssociateDarrin Peller - Managing DirectorAlex Markgraff - Vice President - Equity ResearchNone - Executive Conference Call Participants Andrew Schmidt - Equity Research AnalystNone - AnalystRufus Hone - Equi ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue reached $351.9 million, a 33% increase year-over-year, while adjusted EBITDA was $43.7 million, resulting in over a 12% adjusted EBITDA margin [35][36] - Full-year revenue for 2024 was $1.26 billion, up 34%, with adjusted EBITDA of $135 million, delivering nearly an 11% adjusted EBITDA margin [35][36] - Active customers increased by 32% year-over-year to 7.8 million, with send volume growing 39% to $15.4 billion [36][38] Business Line Data and Key Metrics Changes - The gross take rate was 2.28%, consistent with expectations, while send volume per active customer increased by 5.5%, marking a three-year high [38] - U.S. revenue grew by 33%, while revenue from the rest of the world increased by 41% year-over-year [39] - More than 60% of new customers in Q4 were sending to countries outside of Mexico, the Philippines, and India, indicating diversification in customer base [39] Market Data and Key Metrics Changes - The rest of the world contributed nearly 24% of revenue in 2024, up from 21% in 2023, reflecting strong growth in international markets [39] - The mix of digital-received transactions increased year-over-year by over 350 basis points, indicating a positive trend for the business [40] Company Strategy and Development Direction - The company aims to transform lives with trusted financial services that transcend borders, focusing on customer-centric innovations and operational efficiencies [12][13] - The corridor expansion playbook has enabled the company to achieve an 80% revenue CAGR since 2020 in regions outside the U.S. and Canada [25] - The company plans to unlock value for new customer use cases, including seafarers and micro businesses, with minimal incremental investment [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic and regulatory changes, citing resilience over the past decade [86][87] - The outlook for Q1 2025 anticipates revenue between $345 million and $348 million, reflecting a growth rate of 28% to 29% [53] - For the full year 2025, revenue is expected to be between $1.565 billion and $1.58 billion, representing a growth rate of 24% to 25% [56] Other Important Information - The company will begin excluding payroll taxes related to stock-based compensation from adjusted EBITDA starting in Q1 2025 [7] - Stock-based compensation as a percentage of revenue decreased from 14.5% in 2023 to 12% in 2024, reflecting efforts to manage dilution [50][51] Q&A Session Summary Question: Insights on marketing spend and organic ads - Management noted that product improvements have driven organic results, leading to a decline in marketing spend per quarterly active user by 16% year-over-year while acquiring a record number of new customers [71][72] Question: Drivers of increased transaction frequency - The increase in transaction frequency is attributed to the quality of customer engagement and the simplicity and reliability of the platform [82] Question: Views on the political environment regarding immigration - Management expressed confidence in the business's resilience through various macro and political changes, supported by a diversified customer profile [86][87] Question: Margin potential and drivers for 2025 - Management indicated that while margins are expected to grow in line with revenue, operational efficiencies and investments in technology will support long-term profitability [94][95] Question: Impact of foreign exchange on guidance - Management stated that foreign exchange effects were offsetting in Q4 and that the 2025 guidance does not assume any changes in FX stance [100][101] Question: Micro business opportunity - Management highlighted the extensibility of the platform to serve micro businesses, citing specific customer examples to illustrate the potential in this segment [106][109]

Investor Presentation Fourth Quarter 2024 Earnings February 19, 2025 1 February 2025 / © 2025 Remitly Inc. Disclosures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future results of operations and financial position, including our fiscal ...

Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 57.14%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced earnings of $0.01, delivering a surprise of 116.67%.Over the last four quarters, the company has ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40822 | Delaware | 7372 | 83-2301143 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | i ...

Remitly Reports Fourth Quarter and Full Year 2024 Results Above Outlook Fourth quarter active customers up 32% and revenue up 33% year over year Fourth quarter net loss was $5.7 million and Adjusted EBITDA was $43.7 million SEATTLE, WA / February 19, 2025 / GlobeNewswire / - Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the fourth quarter and full year ended December 31, 2024. "We delivered an exceptional fourth quarter and ...

Fourth quarter active customers up 32% and revenue up 33% year over yearFourth quarter net loss was $5.7 million and Adjusted EBITDA was $43.7 million SEATTLE, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the fourth quarter and full year ended December 31, 2024. “We delivered an exceptional fourth quarter and full year, exceeding expectations, as our product strength and customer loyalty d ...

SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern ...

A fintech upstart is dominating the legacy players in this growing sector.Growth stocks have made a comeback in 2024. I am seeing select stocks shoot up 100%, 200%, or more just this year. This can lead to a sense that growth is happening everywhere and to investor fears of missing out. That can lead to dangerous decision-making.One of the worst decisions you can make as an investor is to pile into overpriced growth stocks. The recent drawdown in 2021 and 2022 is a prime example of why. Don't make the same ...