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Shopify Inc. - $SHOP STOCK NEWS

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

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.

Rhea-AI Summary
Solana Pay, a decentralized payments protocol on Solana, is now available as an approved app integration with Shopify, providing real-time access to money and eliminating bank fees. Merchants can implement Solana Pay to offer web3-native payment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.13%
Tags
none
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Rhea-AI Summary
Shopify Inc. announces Q2 2023 financial results. Revenues up 31% YoY. Cashflow positive for third consecutive quarter. GMV increased 17% to $55.0 billion. Total revenue increased 31% to $1.7 billion. Merchant Solutions revenue increased 35% to $1.3 billion. Subscription Solutions revenue increased 21% to $444 million. Gross profit grew 27% to $835 million. Operating loss was $1.6 billion, but adjusted operating income was $146 million. Free Cash Flow was $97 million. Cash and marketable securities were $4.8 billion. Q3 2023 outlook: Revenue growth in low-twenties percentage rate. Gross margin percentage higher than Q2 2023. Operating expense dollars flat to up slightly. Stock-based compensation of approximately $110 million. Capital expenditures of approximately $45 million for the full year. Free cash flow profitability greater than H1 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.43%
Tags
-
Rhea-AI Summary
Shopify Inc. (NYSE, TSX: SHOP) to announce Q2 2023 financial results on August 2, 2023. Management team to host conference call at 5:00 p.m. ET. Webcast available on Shopify's investor relations section. Archived replay to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.42%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.24%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
partnership
Shopify Inc.

NYSE:SHOP

SHOP Rankings

SHOP Stock Data

95.94B
1.20B
0.19%
70.8%
1.32%
Software Publishers
Information
Link
United States of America
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.