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News  ›  The Motley Fool

Why Remitly Global Stock Plunged Today

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Why Remitly Global Stock Plunged Today

Remitly Global reported strong Q3 results with 25% revenue increase and 21% growth in active customers, but its preliminary 2026 guidance of high-teen revenue growth disappointed investors, causing a significant stock price drop.

Insights
RELY   negative

Stock dropped 25.12% due to slower projected revenue growth in 2026, which signals potential deceleration of the company's expansion momentum