Global-E Online Ltd. Stock Price, News & Analysis

Global-e Online (Nasdaq: GLBE) reported strong Q2 2024 financial results, with GMV reaching $1,082 million, a 31% year-over-year increase. Revenue grew 26% to $168 million, while non-GAAP gross profit increased 39% to $80.2 million. The company's non-GAAP gross margin improved by 450 basis points to 47.8%. Adjusted EBITDA rose to $31.3 million from $21.0 million in Q2 2023.

Global-e continued to onboard new merchants globally and expand partnerships with existing ones. The company's strategic partnership with Shopify progressed well, with the migration of historical merchants to the new native integration nearly complete. For Q3 2024, Global-e expects GMV between $1,070 - $1,110 million and revenue of $165.7 - $171.7 million. The company updated its full-year 2024 guidance, projecting GMV of $4,605 - $4,845 million and revenue of $710 - $750 million.

Global-e Online (Nasdaq: GLBE), a leader in global Direct-To-Consumer eCommerce enablement, has announced it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 14, 2024, before the market opens. The company will host a conference call to discuss these results and provide an outlook on the same day at 8:00 a.m. ET.

Interested parties can join the call via phone or listen to a live webcast available on Global-e's Investor Relations website. A replay of the webcast will be accessible on the same platform for approximately 30 days following the call.

Global-e Online (NASDAQ: GLBE), a leader in Direct-To-Consumer global eCommerce enablement, has promoted Tomer Gold to EVP, Head of the Channels and SMB Division, and Siddharth Jain to EVP, Technology of the Channels and SMB Division. Tomer Gold, previously VP of Corporate Development, has a strong background in finance and business strategy, including a notable stint at Goldman Sachs. Siddharth Jain, who previously served as SVP of Engineering, has been important in driving technological advancements within the company. These promotions come as Rob Keve and Michael Bryzek, former leaders of the Channels and SMB Division, depart. Global-e’s CEO, Amir Schlachet, and President, Nir Debbi, expressed confidence in the new appointees’ abilities to advance the company’s strategic goals and maintain its leadership in the global e-commerce market.

Global-e Online (Nasdaq: GLBE) reported strong financial results for Q1 2024, highlighted by a 32% YoY increase in GMV to $930 million and a 24% YoY increase in revenue to $145.9 million. The company's non-GAAP gross profit rose by 36% YoY to $66.1 million, and the adjusted EBITDA reached $21.3 million, compared to $14.5 million in Q1 2023. Despite these gains, Global-e faced a net loss of $32.1 million, an improvement from the previous year's $43.1 million loss. The company added numerous clients across various geographies and sectors and continued its strategic partnership with Shopify, raising its full-year guidance.

Global-e Online (Nasdaq: GLBE) will release its financial results for the first quarter ended March 31, 2024, on May 20, 2024. The company, a global leader in Direct-To-Consumer ecommerce enablement, will host a conference call to discuss the results and outlook.