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Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+ (Ignacio Gonzalez/Bloomberg) from Techmeme RSS feed.
Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+ (Ignacio Gonzalez/Bloomberg)
Ignacio Gonzalez / Bloomberg:
Shopify reports Q1 revenue up 34% YoY to $3.17B, above $3.12B est., GMV up 35% YoY to $100.74B, and forecasts slower Q2 revenue growth; SHOP drops 10%+ — Shopify Inc. shares slumped as the company's outlook suggests its revenue growth pace may be slowing, while higher costs may dampen second-quarter profitability.