Remitly Global Inc (MEX:RELY)

Q4 2024 Remitly Global Inc Earnings Call Transcript

Feb 19, 2025 / 10:00 PM GMT

Transcript 10-K8-K

Key Points

Positve

Remitly Global Inc (RELY) reported record revenue and adjusted EBITDA exceeding $40 million for the second consecutive quarter.
The company serves almost 8 million quarterly active customers in over 170 countries, with customers sending more than $50 billion in 2024.
Customer loyalty and retention are strong, with a 4.9-star rating on the iOS App Store and a 4.8-star rating on Google Play Store.
Marketing expenses per quarterly active customer decreased by nearly 16% year over year, while adding a record number of new customers.
The company is on track for its first $1 billion RLTE year and its first full year of GAAP net income profitability in 2025.

Negative

The company faces tough comparisons in 2025 due to the benefits from key payment processing partnerships realized in 2024.
Transaction expenses as a percentage of revenue are expected to remain in line with the full year 2024, indicating limited margin expansion.
The guidance for 2025 does not assume any large macroeconomic, geopolitical, or regulatory changes, which could impact results.
Stock-based compensation remains a significant expense, though it has decreased as a percentage of revenue.
The company is lapping a leap year in the first quarter of 2025, which impacts year-over-year and sequential comparisons.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RELY.OQ - Remitly Global Inc
Q4 2024 Remitly Global Inc Earnings Call
Feb 19, 2025 / 10:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good day and thank you for standing by. Welcome to the remitly 4th quarter 2024 earnings conference call. At this time, all participants are in listen-only mode.

After the speaker's presentation, there will be a question answer session.

To ask a question during a session, you'll need to press 101 on your telephone. You'll then hear automated message advising your hand is raised.

To draw your question, please press one again. Please limit yourself to one question.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Stephen Schulstein, Vice President of Investment relations. Please go ahead.

--------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.