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NEW YORK - On Wednesday, Global-e Online Ltd. (NASDAQ:GLBE) reported second-quarter revenue that surpassed analyst expectations and raised its full-year outlook.
The cross-border e-commerce platform’s shares jumped 12.33% in pre-market trading after the quarterly release.
The company posted revenue of $214.9 million for the second quarter, exceeding the consensus estimate of $207.87 million and representing a 28% increase YoY. While Global-e reported a GAAP profit of $10.5 million ($0.06 per share), this marked a significant improvement from a net loss of $22.4 million (-$0.13 per share) in the same period last year. The company also achieved an important milestone of sustainable GAAP profitability.
"We had another strong quarter, meeting or exceeding all of our guidance ranges, on-boarding many new and exciting merchants, and achieving an important milestone of sustainable GAAP profitability," said Amir Schlachet, Founder and CEO of Global-e. "Interest in our global e-commerce solutions is as strong as ever."
Gross Merchandise Value (GMV) reached $1.45 billion in Q2, up 34% YoY. The company’s adjusted EBITDA rose to $38.5 million from $31.3 million in the year-ago quarter.
Global-e raised its full-year 2025 revenue forecast to between $921.5 million and $971.5 million, up from its previous guidance of $917 million to $967 million. For the third quarter, the company expects revenue between $214 million and $221 million.
During the quarter, Global-e continued expanding its merchant base, adding brands like SteelSeries, GANNI, SKYLRK (from Justin and Hailey Bieber), and Bally. The company also extended its strategic partnership with DHL for another three years and acquired ReturnGo, a provider of AI-enabled return and exchange solutions.
The company’s service fees revenue was $102.9 million, while fulfillment services revenue reached $112 million for the quarter. Global-e’s non-GAAP gross profit increased 24% YoY to $99.9 million, with a non-GAAP gross margin of 46.5%.
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