Remitly GlobalNASDAQ: RELY

Remitly delivered strong quarterly results, although it fell short of revenue expectations. The company kept its revenue outlook unchanged, but increased its full-year EBITDA forecast.

Remitly Global, Inc. (NASDAQ:RELY) held its Q1 2024 Earnings Conference Call on May 1, 2024 at 5:00 PM ET. Company representatives present included Stephen Shulstein, Matt Oppenheimer, and Hemanth Munipalli. Various analysts from companies like Citi Global, Barclays, and Goldman Sachs also participated in the call. Thank you for joining the Remitly First Quarter 2024 Earnings Call.

Remitly Global, Inc. (RELY) reported a quarterly loss of $0.11 per share, which was better than the expected loss of $0.14 per share according to the Zacks Consensus Estimate. This is an improvement from the loss of $0.16 per share reported in the same quarter last year.

Remitly (RELY) CEO Matt Oppenheimer joins Nicole Petallides to give an overview of the company and discuss 4Q earnings. He also talks about the state of fintech companies.

The mean of analysts' price targets for Remitly Global, Inc. (RELY) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Remitly posted brisk growth in all key categories. The company said EBITDA profit could double in 2024.

The provider of digital financial services tops quarterly revenue estimates.

SEATTLE, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024. 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.

SEATTLE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024. 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.