Global-e Online (GLBE) has released an update.
Global-e Online Ltd. has announced a record-breaking second quarter in 2024, with Gross Merchandise Value (GMV) surpassing $1 billion for the first time in a non-peak quarter, marking a 31% year-over-year increase. Revenue saw a 26% increase to $168 million, while non-GAAP gross profit rose by 39%. The company also onboarded a diverse range of new merchants globally, launched with Victoria’s Secret, and continued its strategic partnership with Shopify, suggesting a robust growth outlook.
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