Shopify shares jump premarket after Q4 revenue beat and $2B buyback: what to know
Shopify reported fourth-quarter revenue of $3.67 billion, up 31%, and gross merchandise volume of $123.8 billion. The company forecast first-quarter revenue growth in the low-thirties percentage range and announced a $2 billion share buyback. Net income fell to $743 million from $1.29 billion a year earlier. Shopify expects a lower free cash flow margin in Q1 compared to last year.