Global-e Online reports Q1 adjusted EPS 27c, consensus 25c

Reports Q1 revenue $252.1M, consensus $250.8M. Reports Q1 GMV $1.74B, an increase of 40% year over year. “The first quarter showed strong momentum, fueled by volume growth from both existing merchants and recently launched brands, translating into GMV growth of 40% and an increase in our Adjusted EBITDA margin to nearly 20%, once again demonstrating the operating leverage inherent in our model,” said Amir Schlachet, Founder and CEO of Global-e. “We believe these results and our consistent execution validate our market leadership position. We remain slightly ahead of plan in our progress towards reaching our long-term goals.”