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Remitly Global ( (RELY) ) has issued an update.
Remitly Global reported strong financial results for the fourth quarter and full year of 2024, with significant growth in active customers and send volume. The company exceeded its financial outlook, achieving a 33% increase in fourth-quarter revenue and reducing its net loss significantly. Looking ahead to 2025, Remitly projects continued revenue growth and improved profitability, with expectations for positive GAAP net income and increased Adjusted EBITDA.
More about Remitly Global
Remitly Global, Inc. is a provider of digital financial services that focuses on simplifying and securing cross-border financial transactions, enhancing customer experience through convenience and trust.
YTD Price Performance: 18.17%
Average Trading Volume: 1,522,942
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.24B
Find detailed analytics on RELY stock on TipRanks’ Stock Analysis page.
