|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03.11.26 - 18:00
|
Shopify Crashes On First Revenue Miss In Four Years, Wells Fargo Warns AI Costs Hitting Margins (ZeroHedge)
|
|
|
Shopify Crashes On First Revenue Miss In Four Years, Wells Fargo Warns AI Costs Hitting Margins
Shopify shares crashed in premarket trading in New York after the first sales miss since 2022. Investors focused on subscription revenue that fell short of the Bloomberg Consensus estimate, and Wells Fargo analysts pointed to gross margin headwinds due to AI. Third quarter revenue rose 32% to $3.74 billion, falling just short of the consensus estimate of $3.75 billion. Subscription Solutions revenue missed, while Merchant Solutions, its largest business, was roughly in line. Gross merchandise volume also missed estimates.Here's a snapshot of 3Q earnings:Revenue $3.74 billion, estimate $3.75 billion (Bloomberg Consensus)Monthly recurring revenue $230 million, estimate $229.9 millionMerchant Solutions revenue $2.91 billion, estimate $2.9 billionSubscription revenue $836 million, estimate $850.2 millionAdjusted EPS 49c, estimate 48cOperating income $568 million, estimate $523.9 millionTotal opera...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|