Global-E Says Middle East Demand Is Rebounding
Summary
Global-E reported Q1 EPS of $0.17, matching estimates, and revenue of $252.1 million, up 33% year-over-year and slightly above Street expectations. Adjusted gross profit grew 37% and adjusted EBITDA rose 59% to $50.2 million, while cash declined to $175.2 million. Management said momentum is strong across Europe and APAC with new premium brand partnerships and highlighted AI-driven commerce referrals, Borderfree monetization and duty drawback services as growth drivers. The company noted Middle East trading was temporarily hit by regional tensions but demand has largely recovered, and it raised its 2026 revenue outlook and gave Q2 revenue guidance above analysts' estimates.
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