Remitly Reports Q4 Revenue Growth, Projects $1.57B for 2025

Remitly Global, Inc. reported strong financial results for Q4 2024, with revenue reaching $351.9 million, a 32.9% increase year-over-year, surpassing Wall Street expectations by 2.4%. The company's GAAP loss per share of $0.03 was also better than anticipated, reflecting improved customer loyalty and operational performance. Remitly's active customer base grew significantly, reaching 7.8 million, driven by a record number of new customer acquisitions. Looking ahead, the company anticipates revenue for the upcoming quarter to be approximately $346.5 million, aligning closely with analyst projections. Despite potential challenges with average revenue per customer, the overall outlook for 2025 remains optimistic, with expected revenue of $1.57 billion. CEO Matt Oppenheimer emphasized the company's focus on sustainable growth and profitability as it continues to capitalize on the increasing demand for digital financial services.