Shopify reports Q4 revenue up 31% YoY to $3.7B, vs. $3.59B est., net income down 43% YoY to $743M, and forecasts Q1 revenue growth above est; SHOP drops 10%+
Shopify (SHOP.TO), projected quarterly revenue above market estimates on Wednesday, as the e-commerce platform expects consumer spending …
Shopify reports Q2 revenue up 31% YoY to $2.68B, above $2.55B est., GMV up 31% YoY to $87.84B, and forecasts Q3 revenue above est.; SHOP jumps 20%+
Shopify (SHOP.TO), forecast third-quarter revenue above market estimates on Wednesday, as its AI features and platform upgrades boosted demand …
TikTok is offering users hundreds of dollars in Shop credits to spend time in the app, invite friends to join, and purchase products, ahead of a possible US ban
- App offers hundreds to users for spending time, adding friends — TikTok ramping up growth push despite January US ban pending
Shopify reports Q3 revenue up 26% YoY to $2.2B, above $2.12B est., GMV up 24% YoY to $69.7B, projects Q4 revenue growth above est.; SHOP jumps 13%+
Spencer Soper / Bloomberg :
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 20%+
- Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections
Shopify reports Q4 revenue up 24% YoY to $2.1B, above $2.08B est., and Gross Merchandise Volume up 23% YoY to $75.1B, above $71.6B est.; SHOP drops 10%+
- Fourth-quarter sales and profit beat analysts' estimates — Company earlier this month raised prices it charges merchants
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite ...
Shopify reports Q3 revenue up 25% YoY to $1.71B, beating $1.68B est., a $56.2B GMV, beating $54.42B est., and projects ~25% 2023 revenue growth; SHOP jumps 18%+
Ilya Banares / Bloomberg :
TikTok Shop is planning steep Black Friday deals from October 27 to November 30 by offering to subsidize discounts by up to 50% to entice sellers' participation
- Viral video app launched its Shop tab earlier this week — Social platform is luring sellers ahead of shopping rush