Shopify reports Q3 revenue up 25% YoY to $1.71B, beating $1.68B est., a $56.2B GMV, beating $54.42B est., and expects ~25% 2023 revenue growth; SHOP jumps 18%+ (Ilya Banares/Bloomberg)

November 2, 2023

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Ilya Banares / Bloomberg:

Shopify reports Q3 revenue up 25% YoY to $1.71B, beating $1.68B est., a $56.2B GMV, beating $54.42B est., and expects ~25% 2023 revenue growth; SHOP jumps 18%+ — Revenue for the period came in at $1.71 billion, up about 25% year-over-year and beating the $1.68 billion average estimate of analysts surveyed by Bloomberg.

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