Shopify reports Q2 revenue up 31% YoY to $2.68B, above $2.55B est., GMV up 30.6% YoY to $87.8B, and forecasts Q3 revenue above est.; SHOP jumps 15%+ pre-market (Reuters)
13d ago
Technology
Techmeme
Shopify reported strong Q2 earnings, exceeding expectations. Revenue jumped 31% year-over-year to $2.68 billion, surpassing the estimated $2.55 billion. Gross Merchandise Volume (GMV) also saw significant growth, up 30.6% year-over-year to $87.8 billion. The company forecasts Q3 revenue above analysts' estimates, driven by the adoption of its AI features and platform enhancements. News of the positive results sent Shopify's stock (SHOP.TO) soaring, with a pre-market jump of over 15%.