🔴 Remitly is trading 12.7% down in after-hours trading following Q3 results; specific driver unclear

Remitly is trading at $23.65, down 12.67%, after its Q3 release; available reporting does not identify a specific driver for the decline.

• The company released record Q3 results after the November 4 close: revenue rose 22% year over year.
• Net income reached $67.6 million, and adjusted EBITDA was $120.8 million.
• It raised its full-year outlook and increased its share-repurchase authorization to $500 million; after-hours volume was not provided.