Shopify Tumbled 16% in Morning Trading after Warning on Decelerating Growth

Tiger Newspress2022-02-16

Shopify tumbled 16% in morning trading after warning on decelerating growth.For Q4, Shopify's (SHOP) revenue increased 41% to $1.38B with subscriptions solutions revenue up 26% to $351M and merchant solutions revenue 47% higher to $1.03B. GMV rose 31% to $54.1B. Monthly recurring revenue at the end of the quarter was $102M to top $100M for the first time.

Looking ahead, Shopify (SHOP) expects the year-over-year revenue growth rate to be lower in Q1 of 2022 as part of a pandemic reset with consumers. New terms with apps and theme developers are also noted to have caused differences from last year's first quarter.

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bobbylim
2022-02-17
bobbylim
Hmm
- J999:
  another one

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