Stock Track | Remitly Global Soars 9.68% in 24 Hours on Q2 Earnings Beat and Raised Outlook

Stock Track08-06

Shares of Remitly Global, Inc. (RELY) surged 9.68% over the past 24 hours, fueled by a post-market rally after the company reported second-quarter financial results that handily exceeded Wall Street expectations. The stock's sharp advance came as investors reacted to record revenue, a massive earnings beat, and an upwardly revised full-year forecast.

The company announced Q2 revenue of $495.2 million, up 20% year-over-year and well above the $485.4 million consensus estimate. GAAP earnings per share reached $0.93, compared with analyst forecasts of $0.13, though the figure included a large one-time tax benefit. Adjusted EBITDA surged 79% to $114.7 million, far surpassing the $88.3 million estimate. Remitly also surpassed 10 million quarterly active customers for the first time, with send volume climbing 27% to $23.5 billion. Management cited AI-driven operating efficiencies and cost discipline as key margin drivers, and raised its full-year 2026 revenue outlook to $1.978–$1.988 billion alongside adjusted EBITDA guidance of $410–$415 million.

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