Remitly Global Inc is a digital financial services company that specializes in providing international money transfer services, enabling users to send money across borders quickly and securely. Leveraging technology, Remitly offers a user-friendly platform that allows customers to transfer funds via mobile apps and online services, catering primarily to immigrants and diaspora communities. In addition to money transfers, the company provides currency exchange and payment solutions, focusing on enhancing the user experience through transparency, speed, and reliability while meeting the needs of diverse customers globally. Read More
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 2.6% in the morning session after investors appeared to be buying the dip in a technical rebound following a significant drop in the previous month. The stock had previously fallen 16% after an earnings report was overshadowed by the company's forecast for slowing growth. Concerns about rising credit risk, partly due to a weakening U.S. economy, also weighed on the shares. Despite the recent pullback, which sent the stock to a 52-week low, Wall Street analysts maintained a consensus "Buy" rating on the digital remittance specialist.
Remitly’s third quarter results saw a significant negative market reaction despite the company exceeding Wall Street’s revenue and profit expectations. Management credited strong performance to expansion in customer segments such as high amount senders and small businesses, as well as rapid adoption of new products like Flex and Remitly One. CEO Matthew Oppenheimer emphasized that the quarter’s momentum was underpinned by improvements in reliability and customer trust, with over 94% of transactions completed in under an hour. Management acknowledged that growth outside core markets decelerated compared to prior periods, but highlighted continued share gains in the U.S. and Mexico as key contributors.
Shares of online money transfer platform Remitly (NASDAQ:RELY) fell 23.2% in the morning session after the company reported mixed third-quarter results, with its forecast for the upcoming quarter falling short of expectations.
Online money transfer platform Remitly (NASDAQ:RELY) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 24.7% year on year to $419.5 million. On the other hand, next quarter’s revenue guidance of $427 million was less impressive, coming in 0.8% below analysts’ estimates. Its GAAP profit of $0.04 per share was $0.01 above analysts’ consensus estimates.
Online money transfer platform Remitly (NASDAQ:RELY) announced better-than-expected revenue in Q3 CY2025, with sales up 24.7% year on year to $419.5 million. On the other hand, next quarter’s revenue guidance of $427 million was less impressive, coming in 0.8% below analysts’ estimates. Its GAAP profit of $0.04 per share was $0.01 above analysts’ consensus estimates.
SEATTLE, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will host its first Investor Day since IPO on Tuesday, December 9, 2025 beginning at 10:00 am ET / 7:00 am PT in New York City, NY.
Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 3.1% in the afternoon session after investors looked ahead to its third-quarter 2025 earnings report, scheduled for release on November 5. Expectations pointed to a significant rise in revenues of 22.6% year-over-year to $412.4 million, with earnings projected to reach 2 cents per share. This anticipated growth was fueled by a robust increase in active customers and a broad shift from traditional money transfer services to digital platforms. The company's new U.S. business, which was launched in the second quarter of 2025, was also expected to have been a key growth engine, boosting average transaction sizes and customer value.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
SEATTLE, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report third quarter financial results after the market close on Wednesday, November 5, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below.
A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance.
Investors who prioritize stability may miss out on higher-reward opportunities elsewhere.
A number of stocks fell in the afternoon session after President Trump threatened to impose "massive" new tariffs on Chinese imports, reigniting trade war fears.
