Remitly Global

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was foundedug on October 3, 2018 and is headquartered in Seattle, WA.

Earnings data Q4 2023

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Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company was founded by Matthew B. Oppenheimer and Joshua Hug on October 3, 2018 and is headquartered in Seattle, WA.

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SEATTLE, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the 2023 Goldman Sachs Communacopia + Technology Conference.

Remitly to Present at the 2023 Goldman Sachs Communacopia + Technology Conference

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Remitly's revenue has been accelerating, and its unit economics are rapidly improving. Fintech has been a key source of growth in MercadoLibre in recent years.

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In a world where money flows across borders as quickly as a swipe on a screen, Remitly Global (US:RELY) is sending shockwaves through the highly fragmented $1.6 trillion global remittance market.

Remitly's Blowout Quarter Shows Digital Dynamo is Disrupting Global Remittance

Remitly beat expectations on the top and bottom lines, and raised its guidance. The company continues to penetrate a large addressable market in remittances.

Why Remitly Global Stock Jumped Today

Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.23 per share a year ago.

Remitly Global, Inc. (RELY) Reports Q2 Loss, Tops Revenue Estimates

Active customers up 47% year over year Send volume up 38% year over year Revenue up 49% year over year

Remitly Reports Second Quarter 2023 Results

SEATTLE, July 13, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report second quarter 2023 financial results after the market close on Wednesday, August 2, 2023. 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.

Remitly to Report Second Quarter 2023 Financial Results on Wednesday, August 2, 2023

RELY continues to show strong growth and profitability in the cross-border remittance market, with its mobile-first approach driving customer satisfaction and loyalty. RELY investments in technology and development should contribute to long-term revenue growth and maintain its competitive edge. Despite a 100% increase in stock price since initiation, the upside for RELY remains appealing, with the potential for further valuation improvement if the company maintains its profitable growth trajectory.

Remitly Global: On Track For Profitable Growth

The average of price targets set by Wall Street analysts indicates a potential upside of 25.8% in Remitly Global, Inc. (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Remitly Global, Inc. (RELY) Have the Potential to Rally 25.8% as Wall Street Analysts Expect?

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Remitly Global, Inc. (RELY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

What Makes Remitly Global, Inc. (RELY) a Good Fit for 'Trend Investing'

Remitly reported Q1 earnings which beat expectations amid strong growth momentum. The company is benefiting from its expanding scale, set to drive margins and profitability higher.

Remitly Stock: Customer Acquisition Trends Keep Us Bullish

Does Remitly Global, Inc. (RELY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Remitly Global, Inc. (RELY) is a Great Momentum Stock: Should You Buy?

SEATTLE, May 12, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at the following investor conferences during the month of May:

Remitly Announces Investor Conference Participation for May 2023

Remitly Global, Inc. (RELY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Remitly Global, Inc. (RELY) is on the Move, Here's Why the Trend Could be Sustainable

Remitly Global, Inc. (NASDAQ:RELY ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Hemanth Munipalli - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Darrin Peller - Wolfe Research Cris Kennedy - William Blair Will Nance - Goldman Sachs Matthew O'Neill - FT Partners Operator Good day and thank you for standing by. Welcome to the Remitly First Quarter 2023 Earnings Conference Call.

Remitly Global, Inc. (RELY) Q1 2023 Earnings Call Transcript

Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.14 per share a year ago.

Remitly Global, Inc. (RELY) Reports Q1 Loss, Tops Revenue Estimates

Active customers up 50% year over year Send volume up 40% year over year Revenue up 50% year over year

Remitly Reports First Quarter 2023 Results

Recent Price Trend in Remitly Global, Inc. (RELY) is Your Friend, Here's Why

SEATTLE, April 17, 2023 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families, today announced that it will report first quarter 2023 financial results after the market close on Wednesday, May 3, 2023. 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.

Remitly to Report First Quarter 2023 Financial Results on Wednesday, May 3, 2023

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Former J.P. Morgan executive Phyllis Campbell, Khosla Ventures Partner Ryno Blignaut bring decades of global financial services expertise to company's Board Former J.P. Morgan executive Phyllis Campbell, Khosla Ventures Partner Ryno Blignaut bring decades of global financial services expertise to company's Board

Remitly Appoints Two New Members to its Board of Directors

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