Outlook calls for Q3 revenue of $505 million-$507 million and adjusted EBITDA of $92 million-$94 million; full-year adjusted EBITDA is seen at $410 million-$415 million.
Q2 results and operating metrics
Remitly reported Q2 revenue of $495.2 million, up 20% year over year, with GAAP net income of $205.9 million, up $199 million.
Adjusted EBITDA (non-GAAP) climbed 79% from a year earlier to $114.7 million.
Send volume rose 27% from a year earlier to $23.5 billion, while quarterly active customers increased 20% to 10,200,000.
CEO Sebastian Gunningham cited “AI-driven operating efficiencies” and cost discipline, alongside investment in growth and improving margins.
RELY•
