Remitly Global stock closed up 7.7% after the remittance company reported second-quarter results that exceeded revenue expectations and showed strong profit growth. Send volume rose 27% to $23.5 billion, driving revenue up 20% to $495.2 million, ahead of the $486 million consensus. Active customers increased 20% to 10.2 million, and adjusted EBITDA jumped 79% to $114.7 million. The company raised its full-year revenue guidance to a range of $1.98 billion to $1.99 billion, representing 21% growth at the midpoint, and expects adjusted EBITDA of $410 million to $415 million.
Remitly Global IncSecond-quarter earnings beat with revenue and profit growth, plus raised full-year guidance.
