Global-E Online GAAP EPS of -$0.20 misses by $0.05, revenue of $175.97M beats by $6.85M

seekingalpha
2024-11-20
  • Global-E Online press release (NASDAQ:GLBE): Q3 GAAP EPS of -$0.20 misses by $0.05.
  • Revenue of $175.97M (+31.7% Y/Y) beats by $6.85M.
  • Revenue in the third quarter of 2024 was $176 million, an increase of 32% year over year, of which service fees revenue was $82.6 million and fulfillment services revenue was $93.4 million
  • GMV in the third quarter of 2024 was $1,134 million, an increase of 35% year over year
  • Q4 and Full Year OutlookGlobal-e is introducing fourth quarter guidance and is raising full year guidance as follows:

    Q4 2024 FY 2024 Previous FY 2024
    (in millions)
    GMV $1,615 - $1,685 $4,760 - $4,830 $4,605 - $4,845
    Revenue $243.0 - $255.0 $732.9 - $744.9 $710 - $750
    Adjusted EBITDA $51.5 - $57.5 $135.2 - $141.2 $127 - $143

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