Did Earnings Beat Just Shift Remitly Global’s (RELY) Investment Narrative?

Remitly Global recently reported Q2 revenue growth of 20.2% year on year, reaching record levels in revenue, Adjusted EBITDA, and net income while surpassing 10 million quarterly active customers. The company also issued the largest guidance raise in its peer set and a full year EBITDA outlook above analyst estimates, highlighting management confidence in Remitly Global’s operating momentum. We will now explore how Remitly Global’s record Q2 profitability and raised full year guidance could…Read More