Shopify Inc. (NYSE: SHOP) reported fourth quarter 2023 earnings results today.
Revenue increased 24% to $2.1 billion compared to the prior-year quarter.
Net income was $657 million, or $0.51 per share, compared to a loss of $623 million, or $0.49 per share, last year. Adjusted EPS was $0.34.
Gross Merchandise Volume (GMV) increased 23% to $75.1 billion.
For the first quarter of 2024, Shopify expects revenue to grow at a low-twenties percentage rate on a year-over-year basis.