Reports Q1 revenue $203.9M, consensus $196.78M. Active customers increased to 4.6 million, from 3.0 million, up 50%. "We are pleased to have achieved another strong quarter as we remain focused on delivering a superior and trusted experience for our customers," said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. "Remitly’s strategy of making long-term, customer-centric investments, along with the benefits of our increasing scale, have created significant competitive advantages. Looking ahead, we expect to continue driving strong top-line results along with sustainable and increasing returns from our investments."
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RELY:
- Remitly Reports First Quarter 2023 Results
- Remitly Global price target raised to $21 from $15 at KeyBanc
- Remitly Global price target raised to $21 from $17 at JMP Securities
- Remitly to Report First Quarter 2023 Financial Results on Wednesday, May 3, 2023
- Remitly Global price target raised to $20 from $17 at Barclays