Shopify revenue beats as virus lockdowns boost merchant signups

Canadian e-commerce company Shopify Inc (TO:SHOP) beat revenue estimates on Wednesday as more users visited its platform after coronavirus-driven lockdowns led merchants to move their businesses online.

The company’s total revenue rose 46.6% to $470 million in the first quarter ended March 31, ahead of analysts’ estimates of $442.9 million, according to IBES data from Refinitiv.Shopify revenue beats as virus lockdowns boost merchant signups.

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