Shopify crushes estimates with second quarter revenue surge
E-commerce platform shares are up 170% in 2020
29 July 2020 - 16:49
Ottawa — E-commerce platform Shopify nearly doubled its revenue in the second quarter, crushing analysts’ estimates as a flood of merchants moved their businesses online during the coronavirus pandemic.
Sales grew 97% to $714.3m from the same quarter a year ago, Ottawa-based Shopify said in a statement Wednesday. Analysts had expected about $512m, according to data compiled by Bloomberg...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.