Shopify beats quarterly revenue estimates as AI tools attract more customers

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Shopify beats quarterly revenue estimates as AI tools attract more customers - Channel News Asia

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.