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Global-e Online ( (GLBE) ) just unveiled an announcement.
Global-E Online Ltd. announced its financial results for the fourth quarter and full year 2024 on February 19, 2025, highlighting a record-breaking year with the strongest quarter ever. The company achieved significant financial milestones, such as crossing the 20% Adjusted EBITDA Margin and reaching GAAP profitability for the first time as a public company. The fourth quarter saw a 44% year-over-year increase in GMV and a 42% rise in revenue, while the full year recorded a 37% GMV increase and a 32% revenue growth. The company also expanded its merchant base, adding notable brands across various regions, and introduced first-quarter and full-year guidance for 2025, with expectations of continued growth and reaching a $1 billion annual revenue run-rate.
More about Global-e Online
Global-E Online Ltd. is a company that powers global direct-to-consumer e-commerce. The company focuses on providing e-commerce solutions to merchants worldwide, enabling them to reach international markets. Its primary services include platform solutions that facilitate global online sales, with a market focus on enhancing the direct-to-consumer e-commerce experience.
YTD Price Performance: 15.16%
Average Trading Volume: 1,431,695
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.34B
For an in-depth examination of GLBE stock, go to TipRanks’ Stock Analysis page.
