Shopify shares fall after quarterly sales miss analyst forecasts

First reported by Bloomberg at · Updated · 4 sources

The e-commerce platform's third-quarter revenue and gross merchandise volume fell short of estimates, despite an adjusted earnings beat, according to CNBC. Quartz reports that revenue grew 32% and merchandise volume reached $119 billion for the quarter ended September 30. Bloomberg says the revenue miss was Shopify's first since 2022.

  • CNBC reports that Shopify shares fell 7%.

Covered by 4 publishers within 2 hours of the first report.

Reporting4

Bloomberg Shopify Plunges as Revenue Misses for First Time Since 2022 · Ignacio Gonzalez
Quartz Shopify stock sinks after earnings report as revenue missed expectations · Cris Tolomia
BetaKit Shopify stock falls as Q3 revenue misses some analysts’ expectations · Trevor Nichols
CNBC Shopify falls 7% after Q3 revenue and merchandise volume miss estimates