Global-E Online Ltd. ( (GLBE) ) has released its Q4 earnings. Here is a breakdown of the information Global-E Online Ltd. presented to its investors.
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Global-e Online Ltd. is a leading platform that facilitates global direct-to-consumer e-commerce, empowering merchants to sell internationally with ease. The company operates in the global e-commerce sector, offering localized shopping experiences in over 200 destinations worldwide.
In its recent earnings report, Global-e Online Ltd. showcased a record-breaking year, with the fourth quarter of 2024 being its strongest yet. The company achieved notable milestones, including surpassing a 20% Adjusted EBITDA Margin and reaching GAAP profitability for the first time since going public.
Key financial highlights include a 44% year-over-year increase in Gross Merchandise Value (GMV) for Q4 2024, reaching $1,713 million. Revenue for the same period rose by 42% to $262.9 million, with service fees and fulfillment services contributing significantly. The company’s Non-GAAP gross profit and Adjusted EBITDA also saw significant increases, reflecting strong operational performance.
For the full year 2024, Global-e reported a GMV of $4,858 million, marking a 37% increase from the previous year. The company achieved $752.8 million in revenue, a 32% year-over-year rise, and a Non-GAAP gross margin of 46.4%. Despite a net loss of $75.5 million for the year, the company generated positive cash flow from operations and maintained healthy financial metrics.
Looking ahead to 2025, Global-e remains focused on growth, aiming to achieve several financial milestones, including surpassing $1 billion in annual revenue. The company plans to continue expanding its global reach and delivering innovative solutions to merchants, positioning itself for sustained success in the global e-commerce arena.
