Shopify beat analysts' estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of AI-enabled tools, reports Reuters.
Shopify reported a 21 per cent jump in second-quarter revenue to $2.05 billion, compared with analysts' average estimate of $2.01 billion, according to LSEG data.
Early in June, Shopify launched its biggest shopping event this year, the Shop Week, which included cash backs and offers from over a thousand brands.
Shopify beats Q2 revenue estimates
FE Team | Published: August 08, 2024 00:00:28
Shopify beats Q2 revenue estimates
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