(Ottawa) Shopify posted third-quarter profit of nearly US $ 1.15 billion on Thursday, inflated by unrealized profit on its equity investments, while revenue grew 46% from the same period last year.
The e-commerce company made a profit per share of US $ 9 for its quarter ended September 30, including unrealized profit of US $ 1.34 billion.
This compared to earnings of US $ 191.1 million, or US $ 1.54 per share, for the same quarter last year.
On an adjusted basis, Shopify said it earned a profit of US $ 102.8 million, or 81 cents per share, for its most recent quarter, down from an adjusted profit of US $ 140.8 million, or US $ 1.13 per share, for the same period last year.
Quarterly revenues totaled US $ 1.12 billion, up from US $ 767.4 million in the same quarter a year earlier.
Subscription solutions revenue was US $ 336.2 million, up from US $ 245.3 million last year, while merchant solutions revenue reached 787.5 million US $, compared to 522.1 million US $ in the third quarter of last year.