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BusinessQuiet 8d · day 9

Shopify shares plunge after first revenue miss since 2022

Q3 earnings beat on adjusted EPS but missed on revenue and gross operating profit, sending the stock sharply lower.

newest coverage 7d agosummary written 7d ago53 pieces NewswiresMastodonXGoogle News

What to know

  • Shopify missed Wall Street revenue expectations for the first time in about four years, despite beating on adjusted EPS.
  • The quarter still showed 32% revenue growth and $119 billion in gross merchandise volume, underscoring that the miss was relative to elevated estimates rather than a decline in business.
  • Shares plunged in response, reflecting a broader, less forgiving market reaction to tech earnings misses.

Shopify Inc. Canada-based e-commerce platform company

Shopify shares plunge after first revenue miss since 2022
investors.com

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesposts

Peak 36 pieces in two hours at Nov 3, 5 AM; 53 pieces over 9 days (48 articles · 5 posts) Nov 2, 9 AM — 2 pieces · 2 articles — Newswires 2Nov 2, 11 AM — quietNov 2, 1 PM — quietNov 2, 3 PM — quietNov 2, 5 PM — quietNov 2, 7 PM — quietNov 2, 9 PM — quietNov 2, 11 PM — quietNov 3, 1 AM — quietNov 3, 3 AM — 1 piece · 1 article — Newswires 1Nov 3, 5 AM — 36 pieces · 34 articles · 2 posts — Google News 17, Newswires 17, Mastodon 1, +1 moreNov 3, 7 AM — 6 pieces · 4 articles · 2 posts — Newswires 3, Mastodon 2, Google News 1Nov 3, 9 AM — 4 pieces · 4 articles — Newswires 4Nov 3, 11 AM — quietNov 3, 1 PM — 3 pieces · 3 articles — Google News 3Nov 3, 3 PM — quietNov 3, 5 PM — 1 piece · 1 post — Mastodon 1Nov 3, 7 PM — quietNov 3, 9 PM — quietNov 3, 11 PM — quietNov 4, 1 AM — quietNov 4, 3 AM — quietNov 4, 5 AM — quietNov 4, 7 AM — quietNov 4, 9 AM — quietNov 4, 11 AM — quietNov 4, 1 PM — quietNov 4, 3 PM — quietNov 4, 5 PM — quietNov 4, 7 PM — quietNov 4, 9 PM — quietNov 4, 11 PM — quietNov 5, 1 AM — quietNov 5, 3 AM — quietNov 5, 5 AM — quietNov 5, 7 AM — quietNov 5, 9 AM — quietNov 5, 11 AM — quietNov 5, 1 PM — quietNov 5, 3 PM — quietNov 5, 5 PM — quietNov 5, 7 PM — quietNov 5, 9 PM — quietNov 5, 11 PM — quietNov 6, 1 AM — quietNov 6, 3 AM — quietNov 6, 5 AM — quietNov 6, 7 AM — quietNov 6, 9 AM — quietNov 6, 11 AM — quietNov 6, 1 PM — quietNov 6, 3 PM — quietNov 6, 5 PM — quietNov 6, 7 PM — quietNov 6, 9 PM — quietNov 6, 11 PM — quietNov 7, 1 AM — quietNov 7, 3 AM — quietNov 7, 5 AM — quietNov 7, 7 AM — quietNov 7, 9 AM — quietNov 7, 11 AM — quietNov 7, 1 PM — quietNov 7, 3 PM — quietNov 7, 5 PM — quietNov 7, 7 PM — quietNov 7, 9 PM — quietNov 7, 11 PM — quietNov 8, 1 AM — quietNov 8, 3 AM — quietNov 8, 5 AM — quietNov 8, 7 AM — quietNov 8, 9 AM — quietNov 8, 11 AM — quietNov 8, 1 PM — quietNov 8, 3 PM — quietNov 8, 5 PM — quietNov 8, 7 PM — quietNov 8, 9 PM — quietNov 8, 11 PM — quietNov 9, 1 AM — quietNov 9, 3 AM — quietNov 9, 5 AM — quietNov 9, 7 AM — quietNov 9, 9 AM — quietNov 9, 11 AM — quietNov 9, 1 PM — quietNov 9, 3 PM — quietNov 9, 5 PM — quietNov 9, 7 PM — quietNov 9, 9 PM — quietNov 9, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quiet 1–3
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9yesterdaynow · 5:43 AM ET
  1. 3

    Details emerge32% revenue growth, $119B in GMV

    Despite the miss relative to estimates, Shopify reported 32% revenue growth and $119 billion in gross merchandise volume for the quarter ended September 30.

    1. 5 outlets first by Yahoo Finance, 7d ago · also Yahoo! Finance Canada, The Globe and Mail, Financial Post, BetaKit · read ↗

    2. 3 outlets Shopify Stock Dives After Revenue and Gross Merchandise Volume Come Up Short

      first by The Daily Upside, 7d ago · also CNBC, Investor's Business Daily

      2 more headlines
    2 more claims →

    • https://www. europesays.com/unitedstates/91 827/ Shopify reports US$462M Q3 net income # BigBusiness # Business # hardware # retail # Software

      UnitedStates@pubeurope.comMastodon7d agoview on Mastodon ↗
  2. 2

    Analysts flag revenue miss as a warning sign for Wall Street

    Coverage framed the revenue miss as notable given a 'less forgiving' tech market environment, raising concerns about growth deceleration.

    1. 2 outlets Shopify’s stock slides after earnings. This is what’s worrying Wall Street.

      first by MarketWatch, 7d ago · also Dow Jones Newswires

  3. 1

    Shopify shares plunge on revenue miss

    Shopify stock sank after the company missed analysts' revenue expectations for the first time since 2022, a four-year streak broken.

    1. 5 outlets Why Shopify Stock Dove Today

      first by Yahoo Finance, 7d ago · also The Motley Fool Canada, Yahoo! Finance Canada, Motley Fool, The Globe and Mail

      1 more headline

    2. 3 outlets first by Investing.com News, 7d ago · also CNBC, Quartz · read ↗

    2 more claims →

    • Shopify $SHOP just missed analyst expectations on Revenue for the first time since 2022 - Bloomberg

      @stockmktnewzX7d agoview on X ↗
  4. background

    Shopify reports Q3 earnings before market open — Shopify posted adjusted EPS of 49 cents, up 44% year over year and above estimates, but gross operating profit and net revenue fell short of Wall Street targets for the quarter ended September 30.

Also covered reported alongside — the timeline has no entry for these yet

  1. 5 outlets Shopify Inc earnings beat by $0.02, revenue was in line with estimates

    first by Investing.com News, 7d ago · also The Globe and Mail, Yahoo Finance, Associated Press, 10TV

    3 more headlines
  2. 4 outlets Shopify reports US$462M Q3 net income, revenue up more than 30 per cent

    first by CTV News, 7d ago · also Wall Street Journal, Yahoo! Finance Canada, BNN Bloomberg

    1 more headline

and 1 smaller piece

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