Remitly Global Inc (MEX:RELY)

Q1 2025 Remitly Global Inc Earnings Call Transcript

May 7, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Remitly Global Inc (RELY) reported a strong start to 2025 with a 34% year-over-year revenue growth, surpassing expectations.
The company achieved a 16% adjusted EBITDA margin, indicating strong profitability and operational efficiency.
Remitly Global Inc (RELY) exceeded the 'rule of 50', showcasing a rare combination of high growth and strong profitability.
The company has successfully diversified its business across geographies and product offerings, reducing dependency on any single market.
Remitly Global Inc (RELY) has made significant progress in attracting high-amount senders, with transactions over $1,000 growing by more than 45% year-over-year.

Negative

The macroeconomic and geopolitical environment remains uncertain, which could impact future performance.
Despite strong results, the company is cautious in its guidance due to potential macroeconomic uncertainties.
Remitly Global Inc (RELY) faces tougher revenue comparisons in the second half of 2025 due to strong performance in the latter half of 2024.
The company anticipates increased stock-based compensation expenses in the second quarter, which could impact profitability.
Marketing investments are expected to increase in the second quarter, which may affect short-term margins despite long-term growth potential.

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

RELY.OQ - Remitly Global Inc
Q1 2025 Remitly Global Inc Earnings Call
May 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to Emily's first quarter 2025 earnings conference call. At this time, all participants are a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. Please note that today's conference is being recorded. I will now hand the conference over to your first speaker today. Stefan Schstein, Vice President of Invest relations, please go ahead.

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Unidentified_2 [2]
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