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Shopify Q3 revenue growth outlook tops Wall Street estimates

Reuters ·

SHOP Shopify Inc
$122.76 +4.91%
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  1. 1Canada's Shopify (SHOP) forecast Q3 revenue growth in the high 20s% range, exceeding the Wall Street estimate of 26.3%.
  2. 2Q2 total revenue rose 34% to $3.58 billion, surpassing the analyst consensus estimate of $3.45 billion.
  3. 3On the back of the upbeat outlook and earnings beat, the US-listed shares climbed more than 15% in premarket trading, with the company indicating that AI is driving more merchants and demand to its platform.

This 3-line summary is compiled from the report below.

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