Shopify Announces Second-Quarter 2019 Financial Results
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Shopify (SHOP) Tops Q2 EPS by 11c, Revenues Beat; Offers Q3 Revenue Guidance Above Consensus, FY19 Revenue Mid-Point Guidance Above Consensus
August 1, 2019 7:18 AM EDTShopify (NYSE: SHOP) reported Q2 EPS of $0.14, $0.11 better than the analyst estimate of $0.03. Revenue for the quarter came in at $362 million versus the consensus estimate of $350.46 million.
Second-Quarter Financial Highlights
Total revenue in the second quarter was $362.0 million, a 48% increase from the comparable quarter in 2018.Subscription Solutions revenue grew 38% to $153.0 million. This increase was driven primarily by growth in Monthly Recurring Revenue1 ("MRR"), largely due to an increase in the number of merchants joining the Shopify platform.Merchant Solutions revenue grew 56%, to $208.9 million, driven primarily by the growth... More