Shares of Global-E Online Ltd. (NASDAQ: GLBE) plummeted 5.11% in pre-market trading on Wednesday, despite the company reporting strong third-quarter results and raising its full-year guidance. The e-commerce solutions provider posted better-than-expected numbers across key metrics, leaving investors puzzled by the negative stock reaction.
For the third quarter of 2025, Global-E reported impressive year-over-year growth. Gross Merchandise Value (GMV) increased by 33% to $1.51 billion, while revenue rose 25% to $220.8 million. The company's adjusted EBITDA saw a significant jump of 33% to $41.3 million. These results were at or above the top end of the company's guidance ranges, demonstrating strong execution in an increasingly complex global e-commerce environment.
Despite the positive results, the stock's downward movement may be attributed to profit-taking or concerns about valuation. Global-E also announced a $200 million share repurchase program, which could be viewed as a sign of confidence in the company's future prospects. Additionally, the company raised its full-year 2025 guidance, now expecting revenue between $944.1 million and $960.1 million, and adjusted EBITDA between $185.6 million and $200 million. This upward revision in guidance suggests continued optimism about Global-E's growth trajectory, making the stock's decline even more perplexing to market observers.
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