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PETAH-TIKVA, Israel - Global-e Online Ltd. (NASDAQ:GLBE) reported better-than-expected first quarter results and reaffirmed its full-year outlook on Wednesday.
The company’s shares were up 4.72% in pre-market trading following the release.
The e-commerce platform provider posted adjusted earnings of $31.6 million for Q1 2025, surpassing the $21.3 million reported in the same quarter last year. Revenue jumped 30% YoY to $189.9 million, driven by a 34% increase in gross merchandise value to $1.24 billion.
"We had another quarter of strong results, demonstrating our ability to grow fast even within macroeconomic turbulent times with Q1 results coming in at or above the midpoints across our guidance," said Amir Schlachet, Founder and CEO of Global-e.
The company maintained its full-year 2025 guidance, projecting revenue between $917 million and $967 million and adjusted EBITDA of $179 million to $199 million.
Global-e also announced a new 3-year strategic partnership agreement with Shopify (NASDAQ:SHOP), renewing their long-standing relationship for both managed markets and third-party solutions.
For Q2 2025, Global-e expects revenue of $204 million to $211 million and adjusted EBITDA between $35 million and $39 million.
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