Global-e Online Ltd. (GLBE, Financial) just lit up the market with a massive 11% surge in its stock price, fueled by a Q3 performance that screams momentum. The cross-border eCommerce heavyweight reported a 35% year-over-year spike in GMV, hitting $1.13 billion, and a 32% jump in revenue to $176 million. Non-GAAP gross profit didn't just grow—it leaped by 39%, hitting $82.3 million, with gross margins climbing 240 basis points to 46.8%. Founder and CEO Amir Schlachet called it another "very strong quarter," crediting the company's wave of big-name merchant launches—like Harrods and Victoria's Secret—and a record pace of new bookings heading into the holiday goldmine.
Here's the kicker: Global-e is everywhere. It's onboarding everything from luxury brands like Longchamp and Paco Rabanne to Premier League royalty Manchester United. Shopify Managed Markets is getting smarter, rolling out upgrades that help merchants sell more in more places. Meanwhile, partnerships like the one with Transcosmos are flexing muscle, extending from Japan to South Korea. Despite a $22.6 million net loss, adjusted EBITDA surged 41% to $31.1 million, showcasing solid progress toward profitability. Oh, and they just upped their full-year GMV outlook to $4.76-$4.83 billion. Translation? Global-e is doubling down on its leadership in DTC eCommerce.
For investors, this is a rocket fueled by unstoppable cross-border demand and sharp execution. Global-e isn't just holding its own in a crowded space—it's defining it. With the holiday season looming and growth levers firing on all cylinders, this stock's 11% pop could just be the start of a long winning streak. If you're looking for an eCommerce powerhouse with serious global reach, this might just be the buy of the season.
