Shopify Inc. (NYSE: SHOP) reported first quarter 2022 earnings results today.
Total revenue grew 22% year-over-year to $1.2 billion.
Net loss was $1.5 billion, or $11.70 per share, compared to net income of $1.3 billion, or $9.94 per share, last year. Adjusted EPS was $0.20.
For 2022, Shopify expects year-over-year revenue growth to be lower in the first half and highest in the fourth quarter of 2022, as the pandemic-fueled acceleration of ecommerce in the first half of 2021 slowed down during the first half of 2022.