Remitly Global, Inc. (NASDAQ:RELY) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET

Company Participants

Stephen Shulstein – Vice President, Investor Relations
Matt Oppenheimer – Co-Founder and Chief Executive Officer
Hemanth Munipalli – Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang – JPMorgan
Andrew Schmidt – Citi
Allison Gelman – Barclays
Will Nance – Goldman Sachs
David Scharf – Citizens JMP
Darrin Peller – Wolfe Research
Cris Kennedy – William Blair
Alex Markgraff – KeyBanc Capital Markets
Andrew Bauch – Wells Fargo
Rufus Hone – BMO
Gustavo Gala – Monness, Crespi, Hardt & Company
Matthew ONeill – FT Partners

Operator

Thank you for standing by. Welcome to the Remitly Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today Stephen Shulstein, Vice President of Investor Relations. Please go ahead.

Stephen Shulstein

Thank you. Good afternoon and thank you for joining us for Remitly's second quarter 2024 earnings call. Joining me on the call today are Matt Oppenheimer, Co-Founder and Chief Executive Officer of Remitly; and Hemanth Munipalli, our Chief Financial Officer. Our results and additional management commentary are available in our earnings release, and presentation slides, which can be found at ir.remitly.com. Please note that this call will be simultaneously webcast on the Investor Relations website.

Before we start, I would like to remind you that we'll be making forward-looking statements within the meaning of the Federal Securities laws, including but not limited to statements regarding Remitly's future financial results and management's expectations and plans. These statements are neither promises nor guarantees and involve risks and uncertainties that may cause actual results to vary materially from those presented here. You should not place undue reliance on any forward-looking statements.

Please refer to our earnings release and SEC filings for more information regarding the risk factors that may affect our results. Any forward-looking statements made on this conference call, including responses to your questions, are based on current expectations as of today, and Remitly assumes no obligation to update or revise them, whether as a result of new developments or otherwise, except as required by law. The following presentation contains non-GAAP financial measures. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP metric, please see our earnings press release, and the appendix to our earnings presentation, which are available on the IR section of our website.