Highlights 

  • Global-e Online reported a net profit of USD 13.18 million in the third quarter. 
  • The company’s revenue increased by 25% year-over-year, reaching USD 220.78 million for the quarter. 
  • Gross Merchandise Value rose by 33%, climbing to USD 1.51 billion as cross-border demand continued to expand. 
  • Global-e Online also raised its fiscal 2025 outlook, increasing its projections for revenue, adjusted EBITDA, and GMV to reflect stronger-than-expected performance. 

Global-e Online Ltd. (NASDAQ:GLBE ) a leading direct-to-consumer cross-border e-commerce company, reported a profitable third quarter on Wednesday, marking a significant turnaround from the prior year’s loss. Net profit reached USD 13.18 million, compared to a USD 22.56 million loss during the same period last year.Earnings per shareclimbed to USD 0.07, up from a USD 0.13 loss a year ago. 

Revenue for the quarter rose 25% to USD 220.78 million, exceeding analysts’ expectations of USD 217.86 million. Service fees contributed USD 103.5 million, while fulfillment services generated USD 117.3 million. The company also posted an adjustedEBITDAof USD 41.26 million, up 33% from USD 31.06 million in 2024. 

Gross Merchandise Value, a critical metric for the platform, increased 33% year-over-year to USD 1.51 billion, underscoring continued strength in global online shopping demand. 

Q4 Outlook: Management Targets Continued Expansion 

For the fourth quarter, Global-e projects: 

  • Adjusted EBITDA: USD 74.3 million to USD 88.7 million 
  • Revenue: USD 318.5 million to USD 334.5 million 
  • GMV: USD 2.195 billion to USD 2.315 billion 

These projections align with analysts’ expectations, withWall Streetforecasting USD 321.79 million in Q4 revenue. 

Global-e highlighted its continued momentum across merchant adoption, geographic expansion, and brand onboarding as primary drivers of expected Q4 performance. The company emphasized that the holiday season and key international shopping events typically contribute significantly to fourth-quarter results. 

Full-Year 2025 Guidance Raised Amid Strong Momentum 

The company raised its fiscal 2025 outlook following a strong first three quarters. Global-e now expects: 

  • Adjusted EBITDA: USD 185.6 million to USD 200.0 million (previously USD 180 million to USD 200 million) 
  • Revenue: USD 944.1 million to USD 960.1 million (previously USD 921.5 million to USD 971.5 million) 
  • GMV: USD 6.404 billion to USD 6.524 billion (previously USD 6.220 billion to USD 6.520 billion) 

The updated forecasts reflect stronger-than-anticipated performance across both service fees and fulfillment operations, supported by rising global demand for cross-border e-commerce solutions. 

Conclusion 

Global-e’s return to profitability, coupled with rising revenue, solid GMV growth, and upgraded full-year guidance, underscores its growing role in the global DTC e-commerce ecosystem. The company’s scalable cross-border platform and expanding merchant base position it well for continued momentum heading into 2026. 

Global-es’ shares previously closed at USD 37.01.