On a purified basis the company reported earnings per share of 34 cents, up from 7 cents a year ago and beating the FactSet consensus of 30 cents. The company's revenue also increased to $2.1 billion from $1.7 billion.

Gross Merchandise Volume(GMV)also saw an increase. It rose 23% to $75.1 billion, beating analysts' expectations of $72.2 billion. The company highlighted this in its report as a sign of accelerating growth.

Looking ahead to 2024, Shopify $SHOP-5.6% aims to maintain the momentum gained in 2023 and achieve top-line growth and profitability.

What do you think of the results of this subjectively interesting company? Personally, I am pleased with the results.

Shopify

SHOP

$58.94 -$3.51 -5.62%

Capital Structure

Market Cap

75.8B

Enterpr. Val.

75.5B

Valuation

P/E

589.4

P/S

10.7

Dividends

Yield

-

Payout

-

Open $62.72

Day range $58.65 - $62.74

52 week range $45.50 - $91.57