FILE PHOTO: An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie/File Photo
Revenue was $1.38 billion for the fourth quarter ended Dec. 31, compared with $977.7 million a year earlier. Analysts were expecting $1.33 billion, according to Refinitiv data.
Gross merchandise volume, which is the total amount of sales the company raked in, was $54.1 billion, an increase of 31per cent.
Ottawa-based Shopify helps merchants set up their online stores through subscription-based software and offers other ancillary services from shipping to payment processing.
Source: Reuters