Global-e Online (GLBE) has released an update.
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Global-e Online Ltd. reported a robust third quarter in 2024, with a 35% year-over-year increase in Gross Merchandise Value (GMV) and a 32% rise in revenue, reaching $176 million. The company successfully onboarded several new global merchants, including luxury brands and renowned sports clubs, signaling continued growth momentum. Despite a net loss of $22.6 million, Global-e’s strategic expansions and partnerships, such as those with Harrods and Transcosmos, highlight its strong market position in direct-to-consumer eCommerce.
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