Remitly Global (RELY) reported Q1 earnings late Wednesday of $0.05 per diluted share, swinging from a loss of $0.11 a year earlier.

Analysts polled by FactSet expected a loss of $0.02.

Revenue for the quarter ended March 31 was $361.6 million, compared with $269.1 million a year earlier.

Analysts surveyed by FactSet expected $347.7 million.

For Q2, the company said it expects total revenue in the range of $383 million to $385 million. Analysts surveyed by FactSet expect $387 million.

The company raised its 2025 revenue guidance to about $1.57 billion to $1.59 billion from the prior range of $1.57 billion to $1.58 billion. Analysts polled by FactSet expect $1.58 billion.