Shopify Reports Q2 Revenue of $3.58B, Beats Forecast; Stock Surges 16% Premarket

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Shopify reported second quarter revenue of $3.58 billion, exceeding analyst estimates of $3.45 billion. The e-commerce platform's gross merchandise value (GMV) reached $115.57 billion, also surpassing expectations of $112.12 billion. The stock jumped over 16% in premarket trading following the earnings announcement.
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