Shopify Surges Over 30% Premarket After Q2 Revenue Beats, Up 34% YoY to $35.83B

SHOP-0.52%
According to BlockBeats, Shopify (SHOP.N) stock surged over 30% in premarket trading on August 5 after the e-commerce platform posted stronger-than-expected second-quarter results. The company reported Q2 revenue of $35.83 billion, up 34% year-over-year, with gross merchandise volume (GMV) reaching $115.567 billion, up 32%. Net income came in at $1.502 billion, while free cash flow totaled $654 million.
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