Holding shopping, Black Friday hands Shopify US$657M Q4 profit and 24% revenue growth – Winnipeg Free Press
Written by Black Hot Fire Network on February 13, 2024
A flurry of holiday sales saw Shopify Inc. end 2023 with strong revenue growth and profits even as consumers continued to grapple with inflation.
The Ottawa-based supplier of e-commerce software reported Tuesday a fourth-quarter profit of US$657 million compared with a loss of US$623 million a year earlier.
The firm, which keeps its books in U.S. dollars, said its revenue totalled US$2.14 billion for the period ended Dec. 31, up 24 per cent from US$1.74 billion a year earlier.
