Canadian e-commerce giant Shopify will release its second-quarter earnings report on Wednesday. According to Zacks' conservative estimates, Shopify's Q2 revenue was $1.04 billion, up 46.3% from the same period last year. Its earnings were 98 cents per share, down 6.7% year-on-year.
Zacks officially stated that Shopify's performance in each of the past four quarters has exceeded its expectations, which is full of surprises.
On the one hand, Shopify's development benefits from the explosive growth of e-commerce under the influence of the epidemic. On the other hand, it is closely related to its series of development plans.
Committed to creating a merchant-friendly ecosystem
Shopify is committed to launching merchant-friendly applications and has many user-friendly design products.
The first is the Shop APP, which aims to improve user experience and help sellers sell. In the report of the last quarter, the Shop APP already had more than 107 million registered users, and these users made up a large part of its revenue.
Secondly, Shopify's POS system and POS APP also provide customers with a more comfortable payment experience, which is deeply loved by merchants; in addition, Shopify has also launched the Shopify Pay installment service, which to some extent also stimulates consumers' desire to buy and increases its monthly recurring revenue (MRR).
It is understood that in this Q2 report, Shopify's unique merchant-friendly application systems, such as Shopify Payment and Shopify Logistics, will be mentioned.
Seek cooperation, join forces and seek common development
Shopify has been increasing its investment in architecture, product development, logistics systems and international expansion to maintain its competitive advantage over companies such as Big Commerce in the e-commerce market.
On this basis, Shopify is constantly expanding its cooperation with large enterprises, and its launched Shopify plus provides platform services for many large enterprises.
At the same time, Shopify has also started cooperation with Facebook, Pinterest and Walmart, greatly expanding its merchant base.
The increase in the number of merchants on the platform not only improves its profitability and MRR, but also increases Shopify's revenue in its two service segments: Merchant Solutions and Subscription Solutions .
Zacks said that Shopify's second-quarter revenue from merchant solutions is expected to be $717 million, a year-on-year increase of 38.4%. Subscription solutions are expected to generate $327 million in revenue in the second quarter, a year-on-year increase of 66.8%.
Shopify's impressive past performance is well documented, and we will soon know what kind of results Shopify will achieve in the second quarter. Shopify Financial Report Independent website |
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