Remitly is trading 10.6% up at $26.61 after reporting second-quarter revenue of $495.2 million, which grew 20% year-over-year and surpassed analyst estimates.
- The company reported a sharp increase in net income, aided by a one-time tax benefit and strong operational performance.
- Management raised its full-year 2026 revenue and Adjusted EBITDA guidance, highlighting AI-driven efficiencies and a strategic shift toward sustainable profitability.