Remitly Reports Fourth Quarter and Full Year 2024 Results Above Outlook
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Remitly reported its fourth quarter and full year 2024 results, surpassing expectations. The company saw a 32% increase in active customers and a 33% rise in revenue year-over-year. Despite a net loss of $5.7 million, the adjusted EBITDA was $43.7 million.
February 19, 2025 | 9:30 pm
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POSITIVE IMPACT
Remitly's Q4 2024 results exceeded expectations with significant growth in active customers and revenue. The company reported a net loss but a strong adjusted EBITDA.
The strong growth in active customers and revenue indicates positive business momentum, which is likely to boost investor confidence. The net loss is offset by a strong adjusted EBITDA, suggesting operational efficiency. Overall, the results are likely to have a positive short-term impact on Remitly's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100