Earnings ·
Remitly Reports Q3 Revenue of $509.8M and Raises Share Repurchase Authorization to $500M
RELYRemitly Global, Inc.
Remitly Global reported third-quarter revenue of $509.8 million, a 22% increase year over year, with net income reaching $67.6 million, up 665%. Adjusted EBITDA more than doubled to $120.8 million. The company raised its full-year 2026 revenue outlook to approximately $1.99 billion and increased its share repurchase authorization by $300 million to a total of $500 million. Remitly operates in the cross-border financial services industry, providing money transfer and payment solutions.