[BUSINESS]■ STORY TIMELINE

SHOPIFY BEATS Q1 BUT STOCK TUMBLES ON WEAK OUTLOOK

Shopify reported Q1 revenue of $3.2B, up 34% year-over-year and above expectations, with gross merchandise volume hitting $100B. The stock fell over 11% in pre-market trading after the company signaled slower revenue growth ahead in Q2.

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Shopify reports Q1 revenue up 34% YoY to $3.2B, above est., GMV up 34% YoY to $100B, and forecasts weaker Q2 revenue growth; SHOP falls 11%+ pre-market (Ignacio Gonzalez/Bloomberg)

Ignacio Gonzalez / Bloomberg: Shopify reports Q1 revenue up 34% YoY to $3.2B, above est., GMV up 34% YoY to $100B, and f…

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