Remitly — Oct 30, 2024 release

• Net income was $1.9 million, compared to net loss of $35.7 million. • Adjusted EBITDA was $46.7 million, compared to $10.5 million, up 345%. 2024 Financial Outlook For fiscal year 2024, Remitly currently expects: • Total revenue in the range of $1.250 billion to $1.254 billion, representing a growth rate of 32% to 33% year over year. This outlook reflects an increase from our prior revenue outlook in the range of $1.230 billion to $1.250 billion. • To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $108 million to $112 million. This outlook reflects an increase from our prior Adjusted EBITDA outlook in the range of $90 million and $100 million. For the fourth quarter of 2024, Remitly currently expects: • Total revenue in the range of $338 million to $342 million, representing a growth rate of 28% to 29% year over year. • A GAAP net loss position for the fourth quarter of 2024 and for Adjusted EBITDA to be in the range of $17 million to $21 million. Reconciliation of GAAP to Non-GAAP Financial Measures A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income ta