Shopify Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 12:03 pm
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Shopify Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 928.62 million compared to USD 785.21 million a year ago. Revenue was USD 1,295.06 million compared to USD 1,119.45 million a year ago. Net loss was USD 1,203.91 million compared to net income of USD 879.09 million a year ago. Basic loss per share from continuing operations was USD 0.95 compared to basic earnings per share from continuing operations of USD 0.71 a year ago. Diluted loss per share from continuing operations was USD 0.95 compared to diluted earnings per share from continuing operations of USD 0.69 a year ago.
For the six months, sales was USD 1,787.48 million compared to USD 1,453.17 million a year ago. Revenue was USD 2,498.69 million compared to USD 2,108.09 million a year ago. Net loss was USD 2,678.32 million compared to net income of USD 2,137.54 million a year ago. Basic loss per share from continuing operations was USD 2.12 compared to basic earnings per share from continuing operations of USD 1.73 a year ago. Diluted loss per share from continuing operations was USD 2.12 compared to diluted earnings per share from continuing operations of USD 1.68 a year ago.
Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.