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Remitly Global Sees FY24 Revenue $1.225B-$1.25B Vs $1.24B Est

Author: Benzinga Newsdesk | May 01, 2024 04:28pm

2024 Financial Outlook

For fiscal year 2024, Remitly currently expects:

Total revenue in the range of $1,225 million to $1,250 million, representing a growth rate of 30% to 32% year over year.
To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $85 million to $95 million. This outlook reflects an increase from our prior Adjusted EBITDA outlook of between $75 million and $90 million.

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