Remitly (US:RELY) Globenewswire·2025-11-05 21:05Core Insights - Remitly Global, Inc. reported a 35% increase in send volume and a 25% increase in revenue year over year for Q3 2025, with net income reaching $8.8 million and Adjusted EBITDA at $61.2 million [1][5]. Financial Performance - Active customers grew to 8.9 million, up 21% from 7.3 million [5]. - Send volume increased to $19.5 billion, compared to $14.5 billion, reflecting a 35% growth [5]. - Revenue totaled $419.5 million, up from $336.5 million, marking a 25% increase [5]. - Net income was $8.8 million, a significant rise of 361% from $1.9 million [5]. - Adjusted EBITDA reached $61.2 million, up 29% from $47.4 million [5]. 2025 Financial Outlook - For the fiscal year 2025, total revenue is expected to be between $1.619 billion and $1.621 billion, indicating a growth rate of 28% year over year [5]. - The fourth quarter of 2025 is projected to generate revenue between $426 million and $428 million, representing a growth rate of 21% to 22% year over year [5]. - Adjusted EBITDA for 2025 is anticipated to be in the range of $234 million to $236 million, an increase from the previous outlook of $225 million to $230 million [5]. Management Commentary - The CEO, Matt Oppenheimer, emphasized the company's focus on sustainable, profitable growth and efficient execution while continuing to invest in innovation [2]. - The company expects to close 2025 strong and has raised its full-year revenue and Adjusted EBITDA outlook [2]. Additional Information - Remitly operates a digital financial services platform that spans over 170 countries, aiming to provide fast, reliable, and transparent money movement experiences [13]. - The company continues to expand its product offerings to enhance its service and customer experience [13].