Remitly Global (RELY) Soars 25.9% on Leadership Changes, Strong Earnings

We recently published 10 Firms Outperform Wall Street With Surprising Gains. Remitly Global Inc. (NASDAQ:RELY) was one of the best performers on Thursday.

Remitly Global rallied for a third straight day on Thursday, jumping 25.94 percent to close at $17.14 apiece as investors welcomed changes to its leadership, alongside a strong earnings performance last year.

Effective on the same day, Remitly Global Inc. (NASDAQ:RELY) is led by its new chief executive officer, Sebastian Gunningham, replacing Matt Oppenheimer, who will continue to serve as chairman of the company.

Before joining the financial services firm, Gunningham was chairman of Santander’s consumer finance, vice chairman for Openbank, CEO of Material Bank, and vice chair and co-CEO at WeWork.

He also served as senior vice president for more than a decade at Amazon, and held executive roles at Oracle and Apple.

For this year, Gunningham will be responsible for keeping Remitly Global Inc. (NASDAQ:RELY) on track to meet its targets of a 19 to 20 percent year-on-year growth in total revenues, at $1.94 billion to $1.96 billion.

For the first quarter alone, the company is looking to generate $436 million to $438 million in revenues, or an implied growth of 21 percent from the same quarter last year.

In full-year 2025, Remitly Global Inc. (NASDAQ:RELY) swung to a net profit of $67.9 million from a $37 million net loss in 2024. Revenues were at $1.6 billion, marking a jump of 27 percent from the $1.26 billion a year earlier.

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Disclosure: None. This article is originally published at Insider Monkey.