Remitly Revises FY24 Total Revenue From $1.225M - $1.25B To $1.23B - $1.25B, Est $1.238B
Portfolio Pulse from Benzinga Newsdesk
Remitly has revised its FY24 total revenue guidance to a range of $1.23B - $1.25B, slightly adjusting from the previous range of $1.225M - $1.25B. The company expects to remain in a GAAP net loss position for 2024 but has increased its Adjusted EBITDA outlook to $90M - $100M from the prior range of $85M - $95M.
July 31, 2024 | 8:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Remitly has revised its FY24 revenue guidance to $1.23B - $1.25B and increased its Adjusted EBITDA outlook to $90M - $100M. The company will remain in a GAAP net loss position for 2024.
The revision of revenue guidance to a slightly higher range and the increase in Adjusted EBITDA outlook are positive indicators for Remitly's financial health. However, the company will remain in a GAAP net loss position, which may temper investor enthusiasm. Overall, the news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100