Why Remitly Global Stock Was Soaring Today [Yahoo! Finance]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: Yahoo! Finance
earnings report, with better-than-expected revenue growth and strong guidance for 2024. As of 2:28 p.m. ET, the stock was up 18.3%. Remitly shines in Q4 Remitly has been growing rapidly as its money-transfer technology wins over consumers and takes market share from incumbents like Western Union and Moneygram, and that pattern was on display in the fourth quarter. Active customers increased 41% to 5.9 million, and send volume was up 38% to $11.1 billion. As a result, revenue jumped 39% to $264.8 million, which topped analysts' consensus for $261.3 million. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) improved from $7.5 million to $8.2 million even as Remitly stepped up spending in areas like marketing. On a per-share basis, its generally accepted accounting principles ( GAAP ) loss widened from $0.11 to $0.19, which matched analysts' consensus estimate. CEO Matt Oppenheimer said, "Our strong fourth quarter and full
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News
- Why Remitly Global Stock Was Sliding Today [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the FirmGlobeNewswire
- CYCC, BCAB and CARV among pre-market losers [Seeking Alpha]Seeking Alpha
- Remitly Global (RELY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (RELY) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
RELY
Earnings
- 5/1/24 - Beat
RELY
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form D/A
- RELY's page on the SEC website