E-commerce company Shopify reports Q1 loss, revenue up 23% from year ago

OTTAWA — Shopify Inc. reported a loss in its latest quarter as its revenue increased 23 per cent compared with a year ago.

The result for the quarter compared with a profit of US$68 million or five cents US per diluted share in the same quarter last year. The company says its merchants solutions revenue amounted to US$1.35 billion, up from US$1.13 billion a year earlier, while subscription solutions revenue totalled US$511 million, up from US$382 million in the same quarter last year.On an adjusted basis, Shopify says it earned 20 cents US per diluted share in its latest quarter, up from an adjusted profit of a penny US per share in the first quarter of 2023.

Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager saysKnown as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...Check out IBKR Desktop - Our next-gen trading platform combines streamlined design and powerful tools to help you succeed. Your capital is at risk.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

E-commerce company Shopify reports Q1 loss, revenue up 23% from year agoOTTAWA — Shopify Inc. reported a loss in its latest quarter as its revenue increased 23 per cent compared with a year ago. The e-commerce software company, which keeps its books in U.S.
Source: SooToday - 🏆 8. / 85 Read more »

Coupang Revenue Climbs 23%, Though Farfetch Deal Erodes EarningsCoupang Inc.’s quarterly revenue rose 23%, helping the company remain profitable despite an influx of rivals into one of Asia’s most competitive markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »