SHOP's fourth-quarter 2024 results reflect a booming merchant base, expanding partnerships and robust revenue growth.
Shopify's NYSE: SHOP stock price fell following its Q4 2024 release and 2025 guidance because the guidance, robust as it is, is nothing more than the market expected. It provided no catalyst for an immediate rally and a good time to take profits, given the stock was up 140% from its lows set last July.
Shopify's 2025 rally took a breather after the company reported Q4 results, despite a strong beat versus expectations. The company achieved 31% y/y revenue growth (accelerating 5 points sequentially) and 26% y/y GMV growth (accelerating 2 points sequentially). Shopify Pay adoption and fierce international growth continue to be major growth levers for Shopify.
Shopify (SHOP) gained after reporting its latest earnings beat. Chris Wang attributes part of that beat to the company's growing reach in international shops.
Shopify President Harley Finkelstein highlighted the company's fiscal performance in the fourth quarter of 2024, marking a solid finish to the year. “I've honestly never been more excited about what we achieved and how it's positioning us for 2025,” Finkelstein said Tuesday (Feb. 11) during the company's fourth-quarter earnings call.
JP Morgan analyst Reginald L. Smith maintained an Overweight rating on Shopify Inc SHOP after the company released its quarterly print Tuesday.
e-commShopify President Harley Finkelstein's response to Kanye West's online store selling swastika shirts through the e-commerce platform.
Shopify has taken down a site advertised by rapper Ye, formerly known as Kanye West, that sold swastika t-shirts. The rapper ran an advertisement on Sunday during the Super Bowl that directed viewers to visit his website where it promoted a single product — a $20 t-shirt with a black swastika.
Shopify Inc (TSX:SH., NYSE:SHOP) posted a revenue beat for the fourth quarter as earnings fell short of estimates.
Today's Big 3 focuses on companies growing their digital footprints. Jessica Inskip turns to Shopify (SHOP), Spotify (SPOT) and Walmart (WMT) to highlight their profit growth potentials in the quarters ahead.
Shopify Inc. (NYSE:SHOP ) Q4 2024 Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Carrie Gillard - Director of Investor Relations Harley Finkelstein - President Jeff Hoffmeister - Chief Financial Officer Conference Call Participants Andrew Bauch - Wells Fargo Securities Jeff Cantwell - Seaport Research Craig Maurer - Financial Technology Partners Mark Mahaney - Evercore ISI Bradley Sills - Bank of America Securities Gabriela Borges - Goldman Sachs Mark Zgutowicz - Benchmark Paul Treiber - RBC Capital Markets Colin Sebastian - Baird Carrie Gillard Good morning and thank you for joining Shopify's Fourth Quarter 2024 Conference Call. I'm Carrie Gillard, Director of Investor Relations, and joining us today are Harley Finkelstein, Shopify's President; and Jeff Hoffmeister, our CFO.
The headline numbers for Shopify (SHOP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.