Shopify Q3 Earnings: Ninth Consecutive Quarter of Revenue Beat, GMV Up 24%, Positive Outlook And More

Shopify Inc (NYSE:SHOP) clocked fiscal third-quarter 2024 revenue growth of 26% year-over-year to $2.16 billion, which beat the analyst consensus estimate of $2.11 billion. 

Revenue growth marked its sixth consecutive quarter of greater than 25% revenue growth, excluding logistics.

The stock soared after it reported its quarterly results on Tuesday.

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The e-commerce platform company reported EPS of $0.64, which beat analyst consensus estimate of $0.27. The company reported a net income of $344 million compared to $173 million a year ago.

Gross merchandise volume increased 24% year-over-year to $69.7 ...