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Shopify Inc - SHOP STOCK NEWS

Welcome to our dedicated news page for Shopify (Ticker: SHOP), a resource for investors and traders seeking the latest updates and insights on Shopify.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shopify's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Shopify's position in the market.

News
Shopify to Announce First-Quarter 2024 Financial Results May 8, 2024
Rhea-AI Summary
Shopify Inc. (NYSE, TSX: SHOP) is set to announce its first-quarter 2024 financial results on May 8, 2024. The management team will host a conference call to discuss the results, which will be available via webcast on the investor relations section of Shopify's website. Investors can access an archived replay of the webcast after the call.
Rhea-AI Impact
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End-of-Day
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Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
Shopify Inc. (SHOP) reported a strong performance in Q4 with a 24% revenue increase and a 21% free cash flow margin. The full-year revenue rose by 26% with a 13% free cash flow margin. The company highlighted significant business accomplishments and introduced various innovative features to enhance the commerce experience. Financially, GMV, revenue, and gross profit showed positive growth trends. Shopify's cash and marketable securities position is robust, with a net cash position of $4.1 billion. The company's outlook for 2024 is optimistic, focusing on sustained growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.4%
Tags
earnings
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News
Former Shopify CFO and Small Business Advocate Amy Shapero Joins Jobber';s Board of Directors as Company Positions Itself to Lead Tech Adoption in Home Service
Rhea-AI Summary
Jobber, a leading provider of operations management software for home service businesses, appointed global finance veteran Amy Shapero as its new board member and Audit Committee Chair. Shapero, with extensive experience as CFO at Shopify, brings valuable expertise in finance, strategy, and operating mission-driven, high-growth companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
management
News
Shopify to Announce Fourth-Quarter and Fiscal 2023 Financial Results February 13, 2024
Rhea-AI Summary
Shopify Inc. plans to announce its financial results for Q4 and full-year 2023 on February 13, 2024. The management team will host a conference call to discuss the results, which will be available via webcast on the investor relations section of Shopify's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
earnings
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News
Shopify and Manhattan to Build Unified Commerce Solution
Rhea-AI Summary
Manhattan Associates (MANH) and Shopify (SHOP) have formed an alliance to enhance omnichannel shopping experiences for retailers, aiming to boost profits. The collaboration will integrate Shopify's commerce platform with Manhattan's omnichannel order management solution to create exceptional customer experiences. This partnership is expected to lower sales friction and elevate purchase confidence for enterprise retail customers.
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Shopify Merchants Drive Record-High $9.3 Billion in Black Friday-Cyber Monday Sales
Rhea-AI Summary
Shopify Inc. (SHOP) announced that its merchants achieved a record $9.3 billion in sales over the Black Friday Cyber Monday weekend, marking a 24% increase from the previous year. The company reported that more than 61 million consumers globally purchased from brands powered by Shopify, with sales peaking at $4.2 million per minute. The top product categories were apparel and accessories, health and beauty, and home and garden, with an average cart price of $108.12. The U.S., U.K., Australia, Canada, and Germany were the top selling countries, and Los Angeles, New York, and London were the top selling cities. Additionally, cross-border orders represented 15% of all global orders, and Shopify funded over 56,000 tonnes of carbon removal to counteract shipping emissions. The company also reported a 60% year-over-year increase in sales made via Shop Pay, with over 17,500 entrepreneurs making their first sale on the platform and more than 55,000 merchants experiencing their highest-selling day ever on Shopify.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
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none
News
They Did It Again! Shopify Merchants Break Black Friday Record with $4.1 Billion in Sales
Rhea-AI Summary
Shopify Inc. (SHOP) Sets Black Friday Record with $4.1 Billion in Global Sales
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Shopify Announces Third-Quarter 2023 Financial Results
Rhea-AI Summary
Shopify Inc. reports strong financial results for Q3 2023, with revenue up 25% and gross profit up 36% YoY. Free cash flow is positive for the fourth consecutive quarter, reaching 16% of revenue. The company highlights the launch of new pricing plans, expanded availability of mobile point-of-sale systems, and partnerships with Flexport, Amazon, Faire, and WPP. Shopify is recognized as a leader in the 2023 Gartner Magic Quadrant for Digital Commerce. GMV increased by 22% to $56.2 billion, total revenue increased by 25% to $1.7 billion, and gross profit grew by 36% to $901 million. Operating income was $122 million, and free cash flow was $276 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.36%
Tags
earnings
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News
Shopify Announces Third-Quarter 2023 Financial Results Conference Call Date and Upcoming Investor Day
Rhea-AI Summary
Shopify Inc. announces upcoming investor events: Third-Quarter 2023 Financial Results and Investor Day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences earnings
News
New Partnership Establishes Faire as Shopify’s Recommended Wholesale Marketplace
Rhea-AI Summary
Faire announces global partnership with Shopify, making Faire the recommended wholesale marketplace for Shopify. Shopify becomes a Faire shareholder. Shopify Point of Sale (POS) becomes preferred provider for Faire's independent retail community. New ways for businesses to grow and manage B2B offerings will be introduced. Merchants on Shopify can conveniently reorder best-sellers from Faire's 10 million products. Brands on Shopify can simplify wholesale distribution to independent retailers. Partnership deepens Shopify's commerce offerings and extends Faire's marketplace to Shopify merchants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
partnership
Stock SHOP logo
Shopify Inc

NYSE:SHOP

SHOP Rankings

#124 Ranked by Market Cap
#574 Ranked by Stock Gains
N/A Ranked by Dividends

SHOP Stock Data

90.10B
1.20B
0.19%
70.8%
1.32%
Software Publishers
Information
Link
Canada
Ottawa

About SHOP

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.