The earnings call reflected a strong performance in Q3 2024 with significant revenue and GMV growth. The company successfully onboarded major merchants and introduced innovative features to enhance its offerings. Despite slight setbacks in take rates and cash flow seasonality, the overall outlook remains positive with expectations of continued growth in Q4 and 2025.

Company Guidance

During the Q3 2024 earnings call, Global-e provided robust financial guidance for the fourth quarter and the full year of 2024, driven by strong growth in GMV and revenue. The company reported a Q3 GMV growth of 35% year-over-year, reaching $1.34 billion, and revenue growth of 32% to $176 million. For Q4 2024, Global-e expects GMV to range between $1.615 billion and $1.685 billion, representing a 39% year-over-year increase, and revenue to be between $243 million and $255 million, reflecting a 34% increase. The company also raised its full-year 2024 guidance, anticipating GMV growth of 35% and revenue growth of 30%, with adjusted EBITDA expected to grow nearly 50% year-over-year. These projections are supported by successful new merchant launches and improved consumer sentiment. Additionally, Global-e is optimistic about maintaining a 30% GMV growth rate in 2025, fueled by a record-high level of new merchant bookings.

Strong Revenue and GMV Growth

In Q3 2024, Global-e experienced accelerated growth with GMV increasing by 35% year-over-year and revenue growing by 32%, both surpassing the top range of the guidance.

Adjusted EBITDA Growth

The adjusted EBITDA grew by 41%, reaching a margin of 17.7%, exceeding the guidance midpoint by more than 7%.

Strategic Merchant Launches

Successful onboarding of significant merchants like Victoria's Secret, Harrods, and Manchester United, contributing to strong performance and future growth potential.

Product and Feature Enhancements

Introduced new features such as BOPIS, duty drawback programs, and AI-based product classification tools, enhancing merchant services and operational efficiencies.

Positive Consumer Sentiment

Improved consumer sentiment in September leading to better trading volumes and increased confidence in Q4 growth projections.

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Global-e Online (GLBE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GLBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	<0.01 / -	-0.13	―	―	―
Nov 20, 2024	2024 (Q3)	-0.14 / -0.13	-0.2	35.00% (+0.07)	―
Aug 14, 2024	2024 (Q2)	-0.15 / -0.13	-0.22	40.91% (+0.09)	―
May 20, 2024	2024 (Q1)	-0.21 / -0.19	-0.26	26.92% (+0.07)	―
Feb 21, 2024	2023 (Q4)	-0.13 / -0.13	-0.18	27.78% (+0.05)	―
Nov 15, 2023	2023 (Q3)	-0.24 / -0.20	-0.41	51.22% (+0.21)	―
Aug 08, 2023	2023 (Q2)	-0.25 / -0.22	-0.31	29.03% (+0.09)	―
May 22, 2023	2023 (Q1)	-0.28 / -0.26	-0.35	25.71% (+0.09)	―
Feb 22, 2023	2022 (Q4)	-0.29 / -0.18	-0.15	-20.00% (-0.03)	―
Nov 16, 2022	2022 (Q3)	-0.30 / -0.41	-0.19	-115.79% (-0.22)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GLBE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	$42.74	$47.86	+11.98%
Aug 14, 2024	$33.38	$31.53	-5.54%
May 20, 2024	$29.13	$30.69	+5.36%
Feb 21, 2024	$40.31	$33.50	-16.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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