Global-e Online Turns To Profit In Q3, GMV Climbs; Issues Q4 View, Updates FY25 Outlook

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2025.11.19 12:08
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Global-E Online Ltd. (GLBE) reported a third-quarter profit of $13.18 million, compared to a loss last year, driven by higher revenues and GMV. The company issued a positive fourth-quarter outlook and updated its fiscal 2025 forecast. Shares rose 2.7% in pre-market trading. Q3 revenue was $220.78 million, up 25%. For Q4, revenue is projected at $318.5-$334.5 million. FY25 revenue is expected between $944.1-$960.1 million.

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Global-E Online Ltd. (GLBE) reported Wednesday a profit in its third quarter, compared to prior year's loss, amid higher revenues and Gross Merchandise Value or GMV. Further, the firm issued fourth-quarter outlook, and updated fiscal 2025 forecast.

In pre-market activity on the Nasdaq, the shares were gaining around 2.7 percent to trade at $38.00.

Looking ahead for the fourth quarter, the Direct-To-Consumer e-commerce platform projects adjusted EBITDA of $74.3 million to $88.7 million, revenue of $318.5 million to $334.5 million, and GMV of $2.195 billion to $2.315 billion.

For fiscal 2025, the company now projects adjusted EBITDA of $185.6 million to $200.0 million, compared to previous estimate between $180 million and $200 million.

Revenue is now expected between $944.1 million and $960.1 million, compared to previous range of $921.5 million to $971.5 million.

Further, the company now expects GMV between $6.404 billion and $6.524 billion, compared to $6.220 billion and $6.520 billion expected earlier.

The Wall Street analysts on average expected the company to report $321.79 million in revenues for the fourth quarter and $945.61 million for the year. Analysts' estimates typically exclude special items.

In the third quarter, net profit was $13.18 million, compared to a net loss of $22.56 million a year ago. Earnings per share were $0.07, compared to loss of $0.13 a year earlier.

Adjusted EBITDA was $41.26 million, an increase of 33 percent from $31.06 million in 2024.

Revenue in the third quarter was $220.78 million, an increase of 25 percent from $175.97 million last year, of which service fees revenue was $103.5 million and fulfillment services revenue was $117.3 million.

The Wall Street analysts on average expected the company to report $217.86 million in revenues. Analysts' estimates typically exclude special items.

GMV of $1.51 billion increased 33 percent year-over- year.

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