Overview
- Revenue rose to $2.84 billion and operating income reached $343 million in Q3, with gross merchandise value up 32% year over year.
- The company projected fourth‑quarter revenue growth in the mid‑to‑high‑twenties percent range and guided gross profit growth in the low‑to‑mid‑twenties, both above consensus.
- U.S.-listed shares fell more than 4% in premarket trading despite the beat and upbeat holiday‑quarter outlook, though the stock remains up about 63% year to date.
- Shopify’s Instant Checkout integration with OpenAI enables purchases within ChatGPT, and analysts are scrutinizing how the channel will monetize and who captures transaction fees.
- Executives confirmed recent leadership changes with Jessica Hertz appointed COO and flagged PayPal‑related revenue‑recognition adjustments to be reflected in Q4 reporting.