Global-e Online Boasts Strong Q1 Growth, Raises Outlook
Company Announcements

Global-e Online Boasts Strong Q1 Growth, Raises Outlook

Global-e Online (GLBE) has released an update.

Global-e Online Ltd. reports a robust start to 2024 with a 32% year-over-year increase in Gross Merchandise Value (GMV), totaling $930 million in Q1, and a revenue surge of 24% to $145.9 million. The company also experienced a significant rise in non-GAAP gross profit by 36% and has raised its full-year guidance, signaling confidence in continued growth. These financial gains are bolstered by the strategic expansion of client brands across various international markets and a fruitful partnership with Shopify.

For further insights into GLBE stock, check out TipRanks’ Stock Analysis page.

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