Global-e Online's Q3 Net Loss Narrows as Revenue Rises; Offers Q4 Guidance; Narrows Full-Year Revenue Outlook

MT Newswires Live
20 Nov 2024

Global-e Online (GLBE) reported a Q3 net loss Wednesday of $0.13 per diluted share, narrowing from a loss of $0.20 a year earlier.

Analysts polled by FactSet expected a loss of $0.14.

Revenue for the quarter ended Sept. 30 was $176.0 million, up from $133.6 million a year earlier.

Analysts surveyed by FactSet expected $169.1 million.

For Q4, the company said it expects revenue in the range of $243.0 million to $255.0 million. Analysts polled by FactSet expect $246.7 million.

For the full-year 2024, Global-e Online said it now expects revenue in the range of $732.9 million to $744.9 million, compared with the previous forecast of $710 million to $750 million. Analysts polled by FactSet expect $730.7 million.

Global-e Online shares were up above 10% in recent premarket activity.

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