Remitly Global Swings to Q1 Profit, Revenue Rises; Raises 2025 Revenue Guidance
MT Newswires Live
May 08, 2025
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.
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