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Remitly Global (RELY)
NASDAQ:RELY
Holding RELY?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
<0.01Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 02, 2022
|% Change Since: 52.42%
|Next Earnings Date:Nov 10, 2021
Earnings Call Sentiment|Positive
The earnings call reflects strong performance with record revenue growth and significant operational efficiencies. However, there are concerns about potential impacts from the discontinuation of FX tailwinds. Overall, the sentiment is positive, with a focus on sustained growth and profitability.Company Guidance
During Remitly's Q3 2024 earnings call, the company reported significant growth and provided optimistic guidance for the future. Revenue increased by 39% year-over-year to $336.5 million, driven by a 35% increase in active customers reaching 7.3 million, and a 42% rise in send volume to $14.5 billion. The adjusted EBITDA improved to $46.7 million with a margin of nearly 14%, highlighting expanded profitability. The company emphasized its strong market position, with a $2 trillion addressable market in consumer cross-border payments and maintaining only a 3% market penetration. Remitly also announced an increased full-year revenue guidance range of $1.25 billion to $1.254 billion and adjusted EBITDA expectations between $108 million and $112 million. Looking ahead to 2025, Remitly anticipates a low to mid-20% revenue growth rate, underpinning confidence in its robust business model and strategic growth initiatives in both existing and new markets.Record Revenue Growth
Q3 2024 revenue was $336.5 million, up 39% year-over-year, driven by a 42% increase in send volume to $14.5 billion.
Adjusted EBITDA Achievement
Achieved record adjusted EBITDA of $46.7 million with a margin of nearly 14%, surpassing the Rule of 50.
New Customer Acquisition Success
Record number of new customers acquired, contributing to a 35% year-over-year increase in quarterly active customers.
Geographic Diversification
Revenue from regions outside of India, Philippines, and Mexico comprised over 50% of total revenue.
Improved Marketing Efficiency
Marketing spend per quarterly active customer declined 8.5% year-over-year, with a focus on performance marketing and brand awareness.
Operational Efficiency Gains
Transaction expenses as a percentage of revenue improved by over 110 basis points year-over-year.
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RELY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RELY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $15.26 | $17.98 | +17.82% |
| Jul 31, 2024 | $13.21 | $13.74 | +4.01% |
| May 01, 2024 | $17.54 | $15.40 | -12.20% |
| Feb 21, 2024 | $17.69 | $20.87 | +17.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Remitly Global (RELY) report earnings?
Remitly Global (RELY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Remitly Global (RELY) earnings time?
Remitly Global (RELY) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELY EPS forecast?
RELY EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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