Remitly Global

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was foundedug on October 3, 2018 and is headquartered in Seattle, WA.

Earnings data Q3 2021

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Remitly excels in Q4, eyes global expansion and customer trust

Remitly's Q4 2022 performance reflects strong revenue growth, customer acquisition success, and strategic expansion into new markets, positioning the company for continued success.
With a focus on premium customer experience, sustainable growth, and efficiency, Remitly aims to drive top-line growth while moderating expense growth in 2023.
Challenges in managing economic uncertainties, marketing efficiencies, and competitive pricing require careful navigation, but the company's strengths and opportunities offer a solid foundation for future growth.

Remitly excels in Q1 with revenue surge and eyes UAE expansion

Remitly's Q1 performance showcased robust growth in revenue and active customers, driven by marketing efficiencies and technology investments. While facing industry competition and margin challenges, the company sees opportunities in geographic expansion and service diversification for future growth.

Remitly reports stellar Q2 results, eyes sustainable growth opportunities

Remitly's Q2 2023 showcased robust financial performance, with strong revenue growth and active customer expansion.
The company's focus on efficiency improvements and strategic investments bodes well for future growth.
Challenges include competitive pressures, managing investments, and maintaining transaction margins.
Opportunities lie in new market expansions, product introductions, and enhancing customer relationships.

Remitly reports robust Q3 growth and eyes strategic expansion

Remitly's Q3 2023 performance showcased strong revenue growth, increased profitability, and a focus on delivering a frictionless remittance experience to its active customer base.
The company's intentional marketing investments and strategic focus on growth opportunities position it well for 2024, despite short-term challenges in customer acquisition costs.
With a resilient business model, Remitly aims to balance growth and profitability, leveraging partnerships and corridor expansion to drive scale and cost improvements.
Confidence in customer acquisition efficiency, operational excellence, and digital-first approach underpin Remitly's strategy for sustained growth and market competitiveness.

Remitly posts robust Q4 earnings, eyes growth in digital trends

Remitly's Q4 2023 performance reflects strong revenue growth, exceeding EBITDA goals, and a focus on customer satisfaction.
The company's strengths lie in operational efficiency, customer trust-building, and strategic expansion into new markets and products.
Challenges include managing marketing spend for profitability and balancing growth with cost reduction efforts.
Opportunities exist in leveraging digital trends, expanding product offerings, and focusing on sustained growth in existing and new markets.

Remitly reports robust Q1 earnings, eyes growth through customer focus

Remitly delivered strong Q1 results with revenue growth, active customer expansion, and improved EBITDA, reaffirming positive outlooks for 2024.
The company's customer-centric approach, marketing effectiveness, and focus on operational efficiencies position it well for sustained growth.
Challenges include managing seasonality, competitive pressures, and margin improvement, while opportunities lie in revenue growth, corridor expansion, and product enhancements.
Overall, Remitly's performance reflects resilience and strategic focus on customer trust, operational excellence, and sustainable growth in the cross-border payments market.

Remitly posts strong Q2 results, eyes growth through new products

Remitly's Q2 2024 performance reflects robust revenue growth, customer base expansion, and operational improvements, positioning the company for continued success.
Strategic strengths in product diversification, marketing efficiency, and commitment to growth underscore Remitly's competitive edge in the fintech sector.
While facing challenges in leadership transition and market competition, Remitly's focus on opportunities like new product segments and operational enhancements bodes well for future growth.

Remitly reports robust Q3 results, eyes sustained growth and profitability

Remitly's Q3 performance reflects strong growth in key metrics and improved profitability, driven by operational efficiencies and revenue diversification.
The company's strategic focus on customer-centric growth, disciplined cost management, and capital allocation sets a solid foundation for future success.
While facing challenges in managing marketing spend and sustaining growth momentum, Remitly's outlook remains positive with opportunities for continued expansion and profitability.

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Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was founded by Matthew B. Oppenheimer and Joshua Hug on October 3, 2018 and is headquartered in Seattle, WA.

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Remitly beat top-line estimates and raised its guidance. A bottom-line miss and weak sequential comparisons seemed to sink the stock.

Why Remitly Stock Plunged Today

Remitly Global, Inc. (NASDAQ:RELY ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Stephen Shulstein - VP of IR Matt Oppenheimer - Co-Founder and CEO Hemanth Munipalli - CFO Conference Call Participants Andrew Schmidt - Citigroup Robert Napoli - William Blair Will Nance - Goldman Sachs Alex Markgraff - KeyBanc Capital Markets David Scharf - JMP Securities Tien-Tsin Huang - JPMorgan Operator Good day, and thank you for standing by. Welcome to the Remitly's Q3 2023 Earnings Call.

Remitly Global, Inc. (RELY) Q3 2023 Earnings Conference Call Transcript

Remitly is positioned to become the global leader in cross-border digital remittances, gaining market share from traditional players. The shift from cash-to-cash remittances to digital transactions provides a significant tailwind for Remitly's growth. Remitly's digital solution, infrastructure, and fraud detection capabilities are expected to double their market share within three to five years.

Remitly: X-Border Digital Remittance Winner

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SEATTLE, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report third quarter 2023 financial results after the market close on Wednesday, November 1, 2023. 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 Time that same evening. Conference call and webcast information can be found below.

Remitly to Report Third Quarter 2023 Financial Results on Wednesday, November 1, 2023

Remitly Global, Inc. has seen strong growth and a significant increase in its share price over the past year. The company focuses on remittance markets, offering financial services to transfer money abroad.

Remitly Global: Time To Send The Money Home

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Mastercard and Remitly Global, Inc. announced a partnership Thursday (Oct. 19) to expand access to cross-border payments and remittances. By integrating Mastercard's Send and Cross-Border Services into the Remitly app, customers will have more choices in securely sending money to their loved ones abroad, the companies said.

Remitly and Mastercard Team on Cross-Border Payments and Remittances

As immigrants and foreign workers transfer nearly $860 billion to support their families, remittance player Remitly Global posts rapid growth.

Remitly Global, A Rising Star In The $840 Billion Remittance Industry, Soars 115% In 2023

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SEATTLE, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the 2023 Goldman Sachs Communacopia + Technology Conference.

Remitly to Present at the 2023 Goldman Sachs Communacopia + Technology Conference

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Remitly's revenue has been accelerating, and its unit economics are rapidly improving. Fintech has been a key source of growth in MercadoLibre in recent years.

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In a world where money flows across borders as quickly as a swipe on a screen, Remitly Global (US:RELY) is sending shockwaves through the highly fragmented $1.6 trillion global remittance market.

Remitly's Blowout Quarter Shows Digital Dynamo is Disrupting Global Remittance

Remitly beat expectations on the top and bottom lines, and raised its guidance. The company continues to penetrate a large addressable market in remittances.

Why Remitly Global Stock Jumped Today

Active customers up 47% year over year Send volume up 38% year over year Revenue up 49% year over year

Remitly Reports Second Quarter 2023 Results

SEATTLE, July 13, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2023 financial results after the market close on Wednesday, August 2, 2023. 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 Time that same evening. Conference call and webcast information can be found below.

Remitly to Report Second Quarter 2023 Financial Results on Wednesday, August 2, 2023

RELY continues to show strong growth and profitability in the cross-border remittance market, with its mobile-first approach driving customer satisfaction and loyalty. RELY investments in technology and development should contribute to long-term revenue growth and maintain its competitive edge. Despite a 100% increase in stock price since initiation, the upside for RELY remains appealing, with the potential for further valuation improvement if the company maintains its profitable growth trajectory.

Remitly Global: On Track For Profitable Growth

The average of price targets set by Wall Street analysts indicates a potential upside of 25.8% in Remitly Global, Inc. (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Remitly Global, Inc. (RELY) Have the Potential to Rally 25.8% as Wall Street Analysts Expect?

Remitly Global, Inc. (RELY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

What Makes Remitly Global, Inc. (RELY) a Good Fit for 'Trend Investing'

Remitly reported Q1 earnings which beat expectations amid strong growth momentum. The company is benefiting from its expanding scale, set to drive margins and profitability higher.

Remitly Stock: Customer Acquisition Trends Keep Us Bullish

Does Remitly Global, Inc. (RELY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Remitly Global, Inc. (RELY) is a Great Momentum Stock: Should You Buy?

SEATTLE, May 12, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the following investor conferences during the month of May:

Remitly Announces Investor Conference Participation for May 2023

Remitly Global, Inc. (RELY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Remitly Global, Inc. (RELY) is on the Move, Here's Why the Trend Could be Sustainable

Remitly Global, Inc. (NASDAQ:RELY ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Darrin Peller - Wolfe Research Cris Kennedy - William Blair Will Nance - Goldman Sachs Matthew O'Neill - FT Partners Operator Good day and thank you for standing by. Welcome to the Remitly First Quarter 2023 Earnings Conference Call.

Remitly Global, Inc. (RELY) Q1 2023 Earnings Call Transcript

Active customers up 50% year over year Send volume up 40% year over year Revenue up 50% year over year

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