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BRIEF-Shopify Q1 Total Revenue Rose 47% To $470 Million

Published 2020-05-06, 08:08 a/m
© Reuters.
SHOP
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May 6 (Reuters) - Shopify Inc SHOP.TO :

* SHOPIFY ANNOUNCES FIRST-QUARTER 2020 FINANCIAL RESULTS

* TOTAL REVENUE IN Q1 WAS $470.0 MILLION, A 47% INCREASE

* QTRLY SUBSCRIPTION SOLUTIONS REVENUE GREW 34% TO $187.6 MILLION

* MRR AS OF MARCH 31, 2020 WAS $55.4 MILLION, UP 25%

* GMV FOR Q1 WAS $17.4 BILLION, AN INCREASE OF 46%

* NET LOSS FOR Q1 $0.27 PER SHARE

* ADJUSTED NET INCOME FOR Q1 $0.19 PER SHARE

* Q1 EARNINGS PER SHARE VIEW $-0.18, REVENUE VIEW $442.9 MILLION -- REFINITIV IBES DATA

* QTRLY GROSS PAYMENTS VOLUME GREW TO $7.3 BILLION VERSUS $4.9 BILLION

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