NASDAQ$RELY
Remitly Global Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Remitly reported strong growth in Q4 2024, with a 33% year-over-year revenue increase and a significant improvement in adjusted EBITDA.
Remitly Global, Inc. delivered a strong Q4 2024 performance, with revenue growing by 33% year-over-year to $351.9 million. The company reported a net loss of $5.7 million, significantly reduced from the $35.0 million loss in the same period last year. Adjusted EBITDA surged to $43.7 million, up 434% from Q4 2023, reflecting improved operational efficiency. Active customers increased by 32%, and send volume grew by 39%, demonstrating strong customer engagement.
- Revenue grew 33% year-over-year to $351.9 million.
- Net loss improved to $5.7 million from $35.0 million in Q4 2023.
- Adjusted EBITDA increased 434% to $43.7 million.
- Active customers and send volume grew by 32% and 39%, respectively.
Headline financials
Revenue & EPS history
Remit Global · Revenue · Quarterly
$352M
Forward guidance
For fiscal year 2025, Remitly expects revenue growth of 24-25%, with total revenue projected between $1.565 billion and $1.580 billion. The company anticipates achieving GAAP profitability and improving Adjusted EBITDA to a range of $180 million to $200 million.
Tailwinds
- Projected revenue growth of 24-25% in FY 2025.
- First quarter revenue expected to reach $345M-$348M, growing 28-29% YoY.
- Adjusted EBITDA guidance for FY 2025 set at $180M-$200M.
- Expecting GAAP profitability in 2025.
- Strong customer growth trend continuing into 2025.
Headwinds
- GAAP net loss expected for Q1 2025.
- Increased expenses related to customer acquisition and marketing.
- Potential foreign exchange volatility impacting financial performance.
- Regulatory challenges in certain international markets.
- Competitive pressures from fintech and traditional banking institutions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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