Q1 Results
Revenue: 988.6 (110% YoY)
GMV expanded to 37.3 Billion dollars (114% YoY)
Net income is 1.25 Billion but that includes an 1.3 Billion gain on Affirm and if you take that out the company lost around 42 Million which means loss actually expanded slightly from last YoY.
Shop is taking off
At the end of Q1 2021, Shop had more than 107 million registered users, including buyers using Shop Pay as well as the Shop App, of which more than 24 million were Monthly Active Users.
Outlook
They are predicting that Q1 will be the smallest quarter in the year, which means the expect more the 3.9 Billion in revenue for FY21 which is a 106% growth. Really great. This is a very strong business.
Submitted April 29, 2021 at 06:09AM by EfficientInflation67 https://ift.tt/3e0nLoQ
