NASDAQ$RELY
Remitly Global Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Remitly's Q1 2022 earnings were reported, showing significant growth in active customers, send volume, and revenue.
Remitly reported a strong start to 2022 with a 49% increase in revenue, driven by a 42% increase in active customers and a 43% increase in send volume. The company is raising its 2022 revenue outlook and continuing to invest in its services and global expansion.
- Active customers increased by 42% year-over-year, reaching 3.0 million.
- Send volume grew by 43% year-over-year, totaling $6.1 billion.
- Revenue increased by 49% year-over-year, reaching $136.0 million.
- The company raised its 2022 revenue outlook to a range of $610 million to $620 million.
Headline financials
Revenue & EPS history
Remit Global · Revenue · Quarterly
$136M
Forward guidance
For fiscal year 2022, Remitly currently expects total revenue in the range of $610 million to $620 million, representing a growth rate of 33% to 35% year over year and Adjusted EBITDA in the range of $(40) million to $(30) million.
Tailwinds
- Total revenue in the range of $610 million to $620 million
- Representing a growth rate of 33% to 35% year over year
- Strong repeat usage
- New customer growth
- Highly attractive unit economics
Headwinds
- Adjusted EBITDA in the range of $(40) million to $(30) million.
- Chief Financial Officer Susanna Morgan has decided to leave the Company later this year.
- Unpredictable fluctuations in the market price of our common stock.
- Macroeconomic conditions
- Geopolitical forces on our customers and business operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+2.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-2.4%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+25.7%
Q4 2025
Best reaction
-30.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.1% | +0.5% | -20.9% | |
| Q4 2025 | +25.7% | +19.0% | +12.8% | |
| Q3 2025 | -3.1% | -0.6% | -16.8% | |
| Q1 2025 | +14.5% | +14.8% | +2.1% | |
| Q4 2024 | -0.5% | -7.3% | -21.5% | |
| Q3 2024 | +20.6% | +27.0% | +37.9% | |
| Q2 2024 | +1.5% | -2.8% | +0.8% | |
| Q1 2024 | -13.6% | -13.6% | -27.1% | |
| Q4 2023 | +15.9% | +16.8% | +15.4% | |
| Q3 2023 | -30.2% | -26.7% | -22.3% | |
| Q2 2023 | +12.0% | +11.8% | +29.0% | |
| Q1 2023 | +8.0% | +7.4% | +13.3% | |
| Q4 2022 | +23.2% | +20.9% | +46.0% | |
| Q3 2022 | -12.5% | -18.5% | -10.2% | |
| Q2 2021 | +1.6% | +3.7% | +2.3% | |
| Q2 2022 | +14.8% | +9.3% | +3.7% | |
| Q1 2021 | +21.7% | +28.2% | +28.0% | |
| Q1 2022 | -29.1% | -37.5% | +5.4% | |
| Q4 2019 | +1.5% | +3.7% | +11.2% | |
| Q4 2021 | -1.3% | -20.0% | -25.7% | |
| Q3 2020 | -0.6% | -12.5% | -36.0% | |
| Q4 2020 | -0.6% | -12.5% | -36.0% | |
| Q3 2021 | -17.9% | -18.3% | -47.5% | |
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