Remitly is trading 18.43% down at $22.09 after its November 4 earnings report, as investors appear focused on management’s expectation that 2027 revenue growth will be at the lower end of the high-teens range, amid a difficult comparison and macroeconomic uncertainty.
- Third-quarter revenue rose 22% to $509.8 million and net income climbed 665% to $67.6 million, marking record quarterly results.
- The report included higher 2026 guidance; fourth-quarter revenue guidance was close to estimates.