Is Shopify back?

Share prices are up 30% since it released its results last week.

So what are the main highlights of their results?

Revenue rose 25% YoY to USD 1.51 billion as Shopify beat analysts' estimates by USD 70 million.

Subscription solutions grew by 11%, while merchant solutions grew by 31%. Merchant solutions are additional subscriptions on top of the basic subscription that helps Shopify users amplify and streamline operations and other offerings to their customers.

Shopify finally broke into the black in terms of profitability. It achieved a net income of USD 68 million, versus a loss of USD 1.47 billion in Q1'22.

Purely from an operation standpoint of view, Shopify actually bled more losses, which is USD 193 million in Q1'23 versus USD 98 million in Q1'22.

At least, Shopify is reporting positive operating cash flow as of now.

DISCLAIMER
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.