💨 Abstract

Shopify surpassed sales estimates in the holiday quarter due to robust consumer spending and AI features attracting sellers. U.S.-listed shares declined 9%. Expecting mid-twenties revenue growth in the current quarter, Shopify anticipates increased operating expenses. The company has invested in AI tools for tasks like image generation, inventory management, and data collection. Strong online sales during the holiday season also contributed to its revenue growth. Shopify reported a Q4 revenue of $2.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖