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Shopify Announces First-Quarter 2024 Financial Results

Shopify reports Q1 loss of US$273M, despite revenue up 23% from last year to US$1.86B; merchants solutions revenue rises to US$1.35B from US$1.13B, subscription solutions rises to US$511M from US$382M

Pachama receives US$3.4M carbon removal credit purchase from Shopify for first-of-its-kind reforestation investment in Brazil’s Atlantic Forest; initiative to reforest about 200 hectares of land to remove 45,000 tonnes of carbon over 17 years

Morgan Stanley names Shopify a top high-conviction stock pick, citing its leading position in e-commerce and strong AI-driven developer marketplace; with 28% market share of e-commerce platforms in US, Shopify has a natural long-term advantage

Amazon, Shopify speak at inaugural 'Made in Hawai‘i Presents: Your Future in E-Commerce' conference, sharing insights on how manufacturers, retailers can succeed in e-commerce; event draws over 250 attendees

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