Global-e Online Ltd. (NASDAQ: GLBE) shares surged 9.97% in the pre-market session on Wednesday, November 20, 2024, following the company's impressive third-quarter results and raised guidance for the full year.

The leading e-commerce enabler reported a 32% year-over-year increase in revenue to $176 million for the third quarter of 2024, driven by a 35% jump in Gross Merchandise Value (GMV) to $1.13 billion. The company's non-GAAP gross profit also grew 39% to $82.3 million, with non-GAAP gross margins expanding 240 basis points to 46.8%.

Global-e's strong performance was fueled by successful merchant launches in the recent months, including the iconic luxury department store Harrods, which went live through the company's integration with the SCAYLE platform. Other notable additions included brands like Torrid, Jones Road Beauty, Fossil, and Raycon in North America, as well as Trapstar London, Equestrian Stockholm, MISBHV, and LR Parts in Europe and the UK.

Buoyed by the strong results and new merchant additions, Global-e raised its full-year 2024 guidance. The company now expects GMV of $4.76 billion to $4.83 billion (previously $4.61 billion to $4.85 billion), revenue of $732.9 million to $744.9 million (previously $710 million to $750 million), and adjusted EBITDA of $135.2 million to $141.2 million (previously $127 million to $143 million).