GMV

Global-e (GLBE) reported strong Q3 2025 results with GMV reaching $1.512B (+33% YoY) and revenue at $220.8M (+25% YoY). Adjusted EBITDA increased 33% YoY to $41.3M, and free cash flow surged 246% to $73.6M. The company returned to profitability with a net profit of $13.2M. A $200M share repurchase program was authorized. Full-year 2025 guidance was raised to GMV of $6.404-6.524B and revenue of $944.1-960.1M. Q4 2025 guidance and conference call announced for November 19, 2025.

Tmall’s 618 shopping festival launched strongly, with sales exceeding expectations, driven by heavy discounts and government subsidies. Within hours, 217 brands hit 100 million yuan in GMV, including Apple, Midea, and Huawei. Home appliances, electronics, and other sectors saw significant growth, reflecting robust consumer demand and potentially indicating a shift in consumer preferences and economic health.