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Earnings that did the heavy lifting
Global-E came in looking pretty healthy: first-quarter EPS landed at 17 cents, right in line with estimates, while revenue jumped 33% to $252.1 million and topped Wall Street's forecast. Adjusted gross profit and EBITDA also marched higher, which is code for: the business is scaling without turning into a money bonfire.
The Middle East headache is easing
The part investors will probably zoom in on is the company’s comment that GCC trading volumes took a hit during the Iran conflict and broader Middle East tensions. But here’s the good news: management said demand has largely recovered in recent weeks. That matters because Global-E lives and dies by cross-border commerce, so even temporary regional turbulence can show up fast in the numbers.
The growth engine still looks pretty busy
Global-E also kept landing new premium brands across Europe and APAC, from fashion and luxury labels to the Audi Revolut Formula 1 Team and Universal Music Japan brands. That’s the company’s core story in one sentence: help brands sell globally, then collect a slice of the action. Shopify’s Managed Markets also got another shoutout, which hints the partnership remains a meaningful tailwind.
Why investors care
Management raised full-year GMV, revenue and adjusted EBITDA guidance, plus bumped 2026 revenue outlook to a wider and higher range. So even though the stock dipped on the day, the setup is basically: better margins, stronger demand, and a recovering Middle East backdrop — not exactly a disaster movie.
Big picture: if Global-E can keep turning new brand wins into actual profit, investors may forgive the market’s mood swing and focus on the bigger trend — a more efficient growth machine.