Shopify reports strong Q4 revenue growth but Q1 outlook misses, causing stock to drop 9%.

Shopify reported a strong Q4, with revenue up 31% to $2.8 billion, exceeding expectations. Gross merchandise volume reached $94.5 billion, marking a 24% increase. Despite these gains, the company's Q1 profit outlook fell short of analyst expectations, causing a 9% drop in premarket stock. Shopify's investments in AI features have boosted revenue but also increased costs. The company expects mid-twenties revenue growth for Q1.

1 month ago
41 Articles

Further Reading