Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$AFRM reported strong earnings with Gross Merchandise Volume (GMV) growing 36% YoY to $6.3 billion and Total Revenue increasing by 51% YoY to $576 million. Revenue as a percentage of GMV rose to 9.2%. $SHOP faced a 17% pre-market drop as it beat revenue estimates but had light guidance, expecting high teens growth for 2Q.
$SHOP Shopify Q1 FY24: 📦 GMV +23% to $61B. 💳 GPV 60% of GMV (+4pp Y/Y). 📊 MRR +32% to $151M. • Revenue +23% Y/Y to $1.9B ($10M beat). • Operating margin 5% (+17pp Y/Y). • Non-GAAP EPS $0.20 ($0.03 beat). • Q2 FY24 revenue growth: high-10s Y/Y. Excluding the sale of the… https://t.co/Jh3HLLNz3C
$SHOP DOWN 20% ON GUIDANCE, BIGGEST DROP SINCE MAY 2022: - Expects growth in high teens for 2Q, down from 23% this quarter - Revenue $1.86bn, +23% y/y, est $1.84bn - Monthly recurring rev $151mn, +30% y/y, est $149mn - Merchant Solutions rev $1.4bn, +24% y/y, est $1.34bn -… https://t.co/QYg8uQDUHb
$SHOP Shopify beats, guidance light. -17% pre-market https://t.co/lKyxbt6eL7
