Global-e Online Ltd. reported strong financial results for the first quarter of 2025 on May 14, 2025, meeting or exceeding the midpoints of its guidance ranges. Gross Merchandise Value (GMV) for the quarter increased by 30% year-over-year to $1.375 billion.
Revenue for Q1 2025 grew by 30% year-over-year, reaching $189.9 million. The company reported a net loss of $17.9 million, an improvement from a net loss of $32.05 million in the same period last year, with basic loss per share improving to $0.11 from $0.19.
Global-e also announced a long-term extension of its strategic partnership agreement with Shopify, which is expected to enhance future growth opportunities. For Q2 2025, the company anticipates GMV between $1.415 billion and $1.455 billion, and revenue between $205 million and $212 million, while maintaining its full-year guidance.
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