Shopify’s Q2 results beat estimates as e-commerce shines

Shopify’s Q2 results beat estimates as e-commerce shines

4 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/07/28/shopifys-q2-results-beat-estimates-as-e-commerce-shines/

Canadian e-commerce juggernaut Shopify this morning reported its second-quarter financial performance. Like Microsoft and Apple in the wake of their after-hours earnings reports, its shares are having a muted reaction to the better-than-expected results.

In the second quarter of 2021, Shopify reported revenues of $1.12 billion, up 57% on a year-over-year basis. The company’s subscription products grew 70% to $334.2 million, while its volume-driven merchant services drove their own top line up 52% to $785.2 million.