Feb 15 (Reuters) - Shopify Inc SHOP.TO reported a surge in fourth-quarter revenue on Thursday as the fast-growing retail software company benefited from a rise in subscription and merchant revenue.
Shopify, which provides services for merchants to sell online through their websites, has been on a tear since its debut three years ago.
The Ontario-based company said merchant solutions revenue jumped 74.2 percent to $128.9 million in the reported quarter ended Dec. 31, helped by strong sales during the Black Friday holiday weekend.
The company's total revenue also jumped 71 percent to $222.8 million.
The company's net loss narrowed to nearly $3 million, or 3 cents per share, in the three months ended Dec. 31, from $8.9 million, or 10 cents per share, a year earlier. U.S-listed shares, which have more than doubled in the past 12 months, were up about 0.3 percent in premarket trading.