Remitly Global Q4 Loss Narrows, Revenue Jump; Q1, 2025 Outlook Set; Shares Rise After Hours

MT Newswires Live

02-20

Remitly Global (RELY) reported a Q4 loss late Wednesday of $0.03 per diluted share, narrower than a $0.19 loss a year earlier.

Analysts polled by FactSet expected a loss of $0.09.

Revenue for the quarter that ended Dec. 31 was $351.9 million, up from $264.8 million a year earlier.

Analysts surveyed by FactSet expected $343.7 million.

The company expects Q1 revenue of $345 million to $348 million. Analysts polled by FactSet expect $345.6 million.

Remitly expects full-year 2025 revenue of about $1.57 billion to $1.58 billion. Analysts polled by FactSet expect $1.56 billion.

Shares of the company were up 8% in after-hours activity Wednesday.

Price: 27.99, Change: +2.08, Percent Change: +8.02

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