Shopify Pre-market Surge Expands to Over 30%, Q2 Revenue Exceeds Expectations

BlockBeats News, August 5th, according to BIT (bit.com) market data, the stock price of the cross-border e-commerce platform Shopify (SHOP.N) surged over 30% in pre-market trading as its second-quarter revenue exceeded expectations.

Shopify's Q2 financial report showed that its revenue reached $3.583 billion, a 34% year-over-year increase; GMV was $115.567 billion, up 32%; gross profit was $1.708 billion; operating profit was $488 million; free cash flow was $654 million; net income was $1.502 billion; and monthly recurring revenue reached $221 million. The company referred to this as a "monster quarter," with GMV, revenue, gross profit, and free cash flow all achieving over 30% growth, and it provided guidance that third-quarter revenue growth will be in the low thirties percentage point range year-over-year.