How did RELY's Q4 earnings surprise investors?

**ReMitly Global Inc. (RELY) did not experience an earnings surprise in Q4.** In fact, no financial results for Q4 were reported at all. The latest available data is from Q3 2024, where Remitly Global Inc. surpassed market expectations with a revenue growth and profitability. 1. **Q3 Earnings Highlights**: - Remitly Global reported quarterly earnings (EPS) of $0.01, surpassing the Zacks Consensus Estimate of a loss of $0.06. - This marked a significant improvement from the loss of $0.20 per share in the same quarter of the previous year. - The company achieved a record number of new customer acquisitions, translating to a 39% year-over-year revenue growth. - Net income for the quarter was reported at $1.92 million, rebounding from a $35.7 million loss in Q3 2023. - The positive earnings surprise in Q3 2024 was driven by higher revenue and strategic market expansion efforts. 2. **Investor Reaction**: - Following the release of Q3 earnings, Remitly Global's stock experienced a gap-up, trading at $18.99, an increase from the previous close of $15.26. - The company's shares traded at $17.87 with high volume, indicating investor confidence and market optimism. 3. **Conclusion**: - Remitly Global's performance in Q3 2024 showcased strong financial performance and strategic success, which likely would have been reflected in investor sentiment had Q4 results been available. - The absence of Q4 earnings data makes it impossible to assess whether the company continued its trend of profitability and revenue growth. Investors eagerly await the release of Q4 financials to assess the company's continued progress and to what extent the positive trends observed in Q3 carry over to the fourth quarter.