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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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal-E Online GAAP EPS of -$0.20 misses by $0.05, revenue of $175.97M beats by $6.85M\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2024-11-20 20:05</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><ul> <li>Global-E Online press release (<span>NASDAQ:GLBE</span>): Q3 GAAP EPS of -$0.20 <span> misses by $0.05</span>.</li> <li>Revenue of $175.97M (+31.7% Y/Y) <span> beats by $6.85M</span>.</li> <li>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<span> million and fulfillment services revenue was $93.4 million</span> </li> <li>GMV in the third quarter of 2024 was $1,134 million, an increase of 35% year over year</li> <li> <p>Q4 and Full Year OutlookGlobal-e is introducing fourth quarter guidance and is raising full year guidance as follows:</p> <table><tbody> <tr> <td rowspan=\"2\"> </td> <td>Q4 2024</td> <td> </td> <td>FY 2024</td> <td> </td> <td>Previous FY 2024</td> </tr> <tr><td colspan=\"5\">(in millions)</td></tr> <tr> <td>GMV </td> <td>$1,615 - $1,685</td> <td> </td> <td>$4,760 - $4,830</td> <td> </td> <td>$4,605 - $4,845</td> </tr> <tr> <td>Revenue</td> <td>$243.0 - $255.0</td> <td> </td> <td>$732.9 - $744.9</td> <td> </td> <td>$710 - $750</td> </tr> <tr> <td>Adjusted EBITDA </td> <td>$51.5 - $57.5</td> <td> </td> <td>$135.2 - $141.2</td> <td> </td> <td>$127 - $143</td> </tr> </tbody></table> </li> </ul> </body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://seekingalpha.com/news/4310979-global-e-online-gaap-eps-of-0_20-misses-0_05-revenue-of-175_97m-beats-6_85m\">seekingalpha</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/4310979-global-e-online-gaap-eps-of-0_20-misses-0_05-revenue-of-175_97m-beats-6_85m","article_id":"2484979581","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484979581","pubTimestamp":1732104307,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"Global-E Online press release : Q3 GAAP EPS of -$0.20  misses by $0.05. 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