Remitly Global Reports Q1 Revenue Surge, Raises Guidance

Remitly Global reported strong financial results for the first quarter of 2025, with a 34% year-over-year revenue increase to $361.6 million, surpassing analysts' expectations. The company also achieved adjusted EBITDA margins above 16% and GAAP earnings of $0.05 per share, significantly beating consensus estimates. Despite a slightly conservative revenue guidance for the second quarter, analysts remain optimistic, maintaining an average 'Outperform' rating with price targets ranging up to $32, implying upside potential of around 20-28%. Remitly's CEO highlighted the company's solid start to the year and raised full-year revenue and EBITDA guidance, reflecting confidence in sustained growth and improving operating margins. The stock has experienced some volatility recently but shows strong long-term growth prospects, supported by historical revenue growth rates exceeding 39% annually over the past three years. Investors are advised to consider earnings outlook trends alongside management commentary to assess future performance.