Remitly (US:RELY)2025-08-06 21:00Financial Performance - Remitly achieved $412 million in revenue for 2Q25, a 34% year-over-year increase[10] - The company reported GAAP net income of $65 million for 2Q25[10] - Adjusted EBITDA for 2Q25 was $64 million, representing a 16% adjusted EBITDA margin[10] - Send volume grew by 40% year-over-year to reach $185 billion in 2Q25[28] - Quarterly active customers increased by 24% year-over-year, totaling 85 million[28] Future Outlook - Remitly projects full-year 2025 revenue to be between $1610 billion and $1620 billion, indicating a 27% to 28% year-over-year growth[39] - The company anticipates full-year 2025 adjusted EBITDA to be between $225 million and $230 million[39] - For 3Q 2025, Remitly expects revenue to range from $411 million to $413 million, a 22% to 23% year-over-year increase[42] - 3Q 2025 adjusted EBITDA is projected to be between $53 million and $55 million[42] Strategic Initiatives - Remitly is expanding its total addressable market (TAM) from $2 trillion to $22 trillion with Remitly Business[15]