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blockonomi 2 hours ago

Shopify (SHOP) Stock: Falls 5% Despite 32% Revenue Growth in Q3

TLDR Shopify shares drop 5.07% to $148.30 despite posting 32% revenue growth in Q3. Shopify reports $3.742 billion in revenue as third-quarter GMV climbs to $119.1 billion. Shopify’s free cash flow rises to $816 million as its quarterly margin improves to 22%. Shopify operating income jumps to $568 million despite higher operating expenses in Q3. [...]

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Source: Source: Blockonomi