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Remitly Global (RELY)
NASDAQ:RELY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -7.91%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Remitly ended 2024 with strong financial results, driven by significant revenue growth, customer acquisition, and operational efficiencies. The company demonstrated improved marketing ROI and global expansion success. Despite expectations for moderating revenue growth and some pressure on gross margins, the outlook for 2025 remains positive with anticipated profitability milestones.Company Guidance
During Remitly's fourth quarter 2024 earnings call, the company reported record revenue of $351.9 million, reflecting a 33% year-over-year increase, and an adjusted EBITDA of $43.7 million, achieving an over 12% adjusted EBITDA margin. The call highlighted a 32% rise in active customers to 7.8 million and a 5.5% increase in send volume per active customer, reaching $15.4 billion. The gross take rate was 2.28%, and marketing expenses per quarterly active customer decreased by nearly 16% year-over-year. Remitly also emphasized its strong customer loyalty, with over 3 million iOS and nearly 1 million Google Play reviews, achieving ratings of 4.9 and 4.8 stars respectively. Looking ahead, the company aims for its first $1 billion RLTE year and positive GAAP net income profitability in 2025, driven by strategic investments in product improvements and geographic expansion.Record Revenue and Adjusted EBITDA
Q4 2024 revenue was $351.9 million, up 33% year-over-year, and adjusted EBITDA was $43.7 million with an adjusted EBITDA margin of over 12%. Full-year 2024 revenue was $1.26 billion, up 34% with adjusted EBITDA of $135 million.
Strong Customer Growth
Active customers increased 32% year-over-year to 7.8 million in Q4 2024. This was driven by continued retention and a record number of new customers acquired.
Improved Marketing Efficiency
Marketing expense per quarterly active customer decreased nearly 16% year-over-year, showing improved ROI, while adding a record number of new customers.
Global Expansion Achievements
Remitly expanded its geographical reach, contributing to an 80% revenue CAGR since 2020 outside the U.S. and Canada. Over 60% of new customers in Q4 sent money to countries outside Mexico, the Philippines, and India.
Positive Outlook for 2025
Remitly expects 2025 to be its first year of GAAP net income profitability and projects its first $1 billion RLTE year.
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RELY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RELY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $25.91 | $25.79 | -0.46% |
| Oct 30, 2024 | $15.26 | $17.98 | +17.82% |
| Jul 31, 2024 | $13.21 | $13.74 | +4.01% |
| May 01, 2024 | $17.54 | $15.40 | -12.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Remitly Global (RELY) report earnings?
Remitly Global (RELY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Remitly Global (RELY) earnings time?
Remitly Global (RELY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELY EPS forecast?
RELY EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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