Remitly Global, Inc. (RELY) shares surged 5.4% in Thursday's pre-market trading following the company's impressive fourth quarter 2024 results and an optimistic outlook for 2025.

The digital money transfer platform reported Q4 revenue of $351.9 million, up 32.9% year-over-year, exceeding analysts' expectations of $343.7 million. This growth was driven by a 32% increase in active customers to 7.8 million, reflecting strong customer acquisition and retention.

Remitly's adjusted EBITDA for the quarter was $43.7 million, significantly higher than the consensus estimate of $21.9 million, showcasing the company's focus on driving profitable growth through operational efficiencies and marketing spend optimization.

For the full year 2025, Remitly expects revenue in the range of $1.565 billion to $1.58 billion, representing a year-over-year growth of 24% to 25%. The company also forecasts positive GAAP net income and adjusted EBITDA between $180 million and $200 million, highlighting its improving profitability profile.

Remitly's strong performance was fueled by its ongoing product enhancements, which reduced customer friction and drove higher transaction frequency per customer. The company also benefited from its expansion into new markets and payment methods, as well as its focus on marketing efficiency and customer loyalty initiatives.

With a robust pipeline of growth opportunities, including serving new customer segments like micro-businesses and seafarers, Remitly is well-positioned to continue its momentum in 2025 and beyond. The company's strategic investments in technology and AI further strengthen its competitive position in the digital remittance market.