Shopify Q3 Earnings Show Strong Revenue Growth
Shopify's (NYSE: SHOP) strong growth continued in Q3. The e-commerce specialist's top line soared, beating analyst estimates. This was propelled by double-digit growth in both subscription solutions and merchant solutions revenue as the company surpassed 1 million merchants on its platform during the quarter.
"Our strong results in the quarter were driven in part by the success of our international expansion, which is just one of the many ways we are investing in the platform," said CFO Amy Shapero in the company's third-quarter update.
But Shopify continued to lose money as operating expenses rose sharply.
Source Fool.com
