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Global-e pleasantly surprised investors again with its Q1 2023 earnings report. Growth has been strong in a less-than-ideal economy, but Global-e's momentum does appear to be slowing.
Global-e posted robust growth and improving profitability in the 2023 first quarter. It has A-list clients and keeps adding new ones, fueling high GMV and sales growth.
Global-e's revenue is growing at high-double-digit rates. It continues to expand its client list and partnerships.
Global-e Online reported results from the first quarter on Monday, May 22. First-quarter results were mixed, and the stock has barely moved in response.
Symbotic NASDAQ: SYM and Global-e Online NASDAQ: GLBE are members of the 2022 class of IPOs. The 1st came to market as a reverse merger, while the other went the traditional IPO route with NASDAQ.
The e-commerce industry faces near-term macro headwinds like inflation and possible recession. Investors can still bet on quality companies positioned to benefit when conditions improve.
PETAH-TIKVA, Israel, May 08, 2023 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the global leader of Direct-To-Consumer cross border ecommerce enablement, today announced it will report financial results for the first quarter ended March 31, 2023, before market opens on Monday, May 22, 2023.
Alphabet can rapidly catch up in the artificial intelligence race. Global-e Online's picks-and-shovels approach to international e-commerce has led to an excellent growth rate.
SoFi and Airbnb are reimagining stodgy industries. MercadoLibre and Global-e Online allow investors to take part in the worldwide e-commerce transformation.
Global-e is the leader in its niche business that all e-commerce retailers need. Paramount is harnessing its large media opportunities and has a long growth runway.