Global-e Reports Third Quarter 2024 Results
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: GlobeNewswire
PETAH-TIKVA, Israel, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the leader of global Direct-To-Consumer eCommerce enablement, today reported financial results for the third quarter of 2024. “We report today the results of another very strong quarter, with growth of GMV accelerating to 35% year over year and many new merchants going live ahead of the holiday season, including the iconic luxury department store Harrods,” said Amir Schlachet, Founder and CEO of Global-e. “Given the successful merchant launches in the recent months, combined with our new bookings for this year which are at an all-time high, we believe that this strong growth momentum will continue.” Q3 2024 Financial Results GMV1 in the third quarter of 2024 was $1,134 million, an increase of 35% year over yearRevenue 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 fulfi
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News
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at Raymond James from $41.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at Wells Fargo & Company from $45.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $63.00 price target on the stock, up previously from $44.00.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at JMP Securities from $46.00 to $64.00. They now have a "market outperform" rating on the stock.MarketBeat
- Company News for Nov 21, 2024 [Yahoo! Finance]Yahoo! Finance
GLBE
Earnings
- 11/20/24 - Beat
GLBE
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- GLBE's page on the SEC website