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Shopify tops estimates with Q1 revenue of $470M, up 47% YoY, and gross merchandise volume of $17.4B, up 46% YoY

- First-quarter revenue jumped 47% to $470 million from 2019  — Gross merchandise volume soared 46% to $17.4 billion  —  Shopify Inc. reported first-quarter revenue …

Bloomberg Divya Balji

Discussion

  • @thestalwart Joe Weisenthal on x
    Shopify's surge is absolutely incredible, and it's very close to passing the RBC to be the biggest company in Canada https://www.bloomberg.com/... $SHOP https://twitter.com/...
  • @theabridgedzach Zach Weissmueller on x
    “Shopify retailers managed to replace 94% of the volume with online sales” Worth contemplating how many lives modern tech has likely saved simply by making social distancing possible. https://www.bloomberg.com/...
  • @bloombergca Bloomberg Canada on x
    Shopify beats estimates, with sales surging 47% as it brings more businesses online during the coronavirus pandemic https://www.bloomberg.com/...
  • @mdudas Mike Dudas on x
    $SHOP crushes on revenue and GMV in Q1 as market cap soars above $80 billion https://www.bloomberg.com/...
  • @sarthakgh Sar Haribhakti on x
    “Most of the company's retail merchants suspended their instore operations, sending point-of-sale volumes tumbling between March 31 and April 24 but they still managed to replace 94% of gross merchandise value with online sales.” Wow https://www.bloomberg.com/...
  • @bradelliottsa Bradley Elliott on x
    Small businesses are moving online in the midst of #COVID19 https://twitter.com/...
  • @alex @alex on x
    40x current annual run-rate (Q1*4) lmao https://twitter.com/...