Shopify beats quarterly revenue estimates as AI tools attract more customers

Quick Summary:

:Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company's focus on employing AI-powered tools attract more merchants to its e-commerce services ahead of the all-important holiday season.Its U.S.

Operating income jumped to $283 million in the quarter, from $122 million a year earlier.

Shopify has also invested in making its shipping faster and cheaper for brands on its platform by offering discounted shipping rates.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanada

Topics: Year Analysts Billion Shopify Shipping Cent Jumped Company Tools Revenue Merchants

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 20:12:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23553641

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 7 posts per day

Year Established: 1999

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News Last Updated: 4 hours ago

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