business / news / / Financial Post
Shares of e-commerce giant Shopify Inc. slumped by about nine per cent Tuesday morning.
Shopify's Q1 revenue grew 34% year-over-year to US$3.17 billion, beating analyst expectations.
KEY POINTS
- Gross merchandise value on Shopify's platform rose 35% to US$100.7 billion, the fourth straight 30%+ quarter.
- Shopify forecasts Q2 revenue growth to slow to a high-20s percentage rate year-over-year.
- Despite revenue and GMV growth, Shopify posted a Q1 net loss of US$581 million.
- Shopify stock has fallen over 20% in 2026 amid investor concerns about AI-driven disruption.
COMPANIES
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