AIThe Next Webabout 2 hours ago
Shopify Misses Revenue Estimates for First Time
2 min read
Shopify reported third-quarter revenue of $3.74bn, missing the $3.75bn analyst estimate, marking its first miss since 2022. Shares fell 8.7% by close. While profit grew to $462mn, subscription revenue of $836mn and gross merchandise volume of $119.15bn fell short of forecasts due to rising AI costs for Sidekick.
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