Shopify Inc. (NASDAQ: SHOP) stock rose Tuesday after the company announced that merchants on its platform hit a record $14.6 billion in sales during Black Friday–Cyber Monday (BFCM) weekend.
This represents a 27% increase from last year (up 24% in constant currency), with over 81 million customers worldwide making purchases.
During BFCM, Shopify experienced record activity, with over 15,800 entrepreneurs making their first sale and 94,900 merchants reaching their highest-selling day.
Recent Earnings
Last month, the company’s quarterly revenue growth of 32% year-over-year to $2.84 billion beat the analyst consensus estimate of $2.76 billion and adjusted EPS of 34 cents, which was in line with the analyst consensus estimate.
Shopify expects fourth-quarter revenue growth to be in the mid-to-high twenties percentage rate on a year-over-year basis (roughly $3.51 billion to $3.59 billion), versus an analyst consensus estimate of $3.48 billion.
SHOP Price Action: Shopify shares were up 4.53% at $156.04 at the time of publication on Tuesday, according to Benzinga Pro data.
**Shopify Inc.** (NASDAQ: SHOP) stock rose Tuesday after the company announced that merchants on its platform hit a record $14.6 billion in sales during Black Friday–Cyber Monday (BFCM) weekend.
This represents a 27% increase from last year (up 24% in constant currency), with over 81 million customers worldwide making purchases.
During BFCM, Shopify experienced record activity, with over 15,800 entrepreneurs making their first sale and 94,900 merchants reaching their highest-selling day.
## Recent Earnings
Last month, the company’s quarterly revenue growth of 32% year-over-year to $2.84 billion beat the analyst consensus estimate of $2.76 billion and adjusted EPS of 34 cents, which was in line with the analyst consensus estimate.
Shopify expects fourth-quarter revenue growth to be in the mid-to-high twenties percentage rate on a year-over-year basis (roughly $3.51 billion to $3.59 billion), versus an analyst consensus estimate of $3.48 billion.
**SHOP Price Action:** Shopify shares were up 4.53% at $156.04 at the time of publication on Tuesday, according to Benzinga Pro data.
<p><strong>Shopify Inc. </strong><a target="_blank" href="https://www.benzinga.com/quote/SHOP" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/SHOP" target="_blank" class="ticker-link" data-ticker="SHOP" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SHOP">SHOP</a>)</a></a> stock rose Tuesday after the company announced that merchants on its platform hit a record $14.6 billion in sales during <a target="_blank" href="https://www.benzinga.com/pressreleases/25/12/49156791/shopify-merchants-achieve-record-breaking-14-6-billion-in-black-friday-cyber-monday-sales" rel="noreferrer noopener">Black Friday–Cyber Monday (BFCM) weekend</a>.</p>
<p>This represents a 27% increase from last year (up 24% in constant currency), with over 81 million customers worldwide making purchases.</p>
<p>During BFCM, Shopify experienced record activity, with over 15,800 entrepreneurs making their first sale and 94,900 merchants reaching their highest-selling day.</p>
<p><strong><em>Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/11/48660319/shopifys-standout-growth-and-major-untapped-ad-opportunity-impress-wall-street" rel="noreferrer noopener">Shopify’s ‘Standout’ Growth And ‘Major Untapped’ Ad Opportunity Impress Wall Street</a></em></strong></p>
<p>The U.S., U.K., Australia, Germany, and Canada led overall sales, with spending peaking at $5.1 million per minute at 12:01 p.m. EST on Black Friday. Cross-border orders accounted for 16% of global volume.</p>
<p>Shop Pay usage surged, with 39% year-over-year growth and 32% of all orders processed through it.</p>
<p>The company tracked over 136 million packages via the Shop App, highlighting Shopify’s scale and global reach.</p>
<h2 class="wp-block-heading">Recent Earnings</h2>
<p>Last month, the company’s quarterly revenue growth of 32% year-over-year to $2.84 billion beat the analyst consensus estimate of $2.76 billion and adjusted EPS of 34 cents, which was in line <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/11/48625751/shopifys-growth-comes-at-the-costs-of-margins" rel="noreferrer noopener">with the analyst consensus estimate</a>. </p>
<p>Shopify expects fourth-quarter revenue growth to be in the mid-to-high twenties percentage rate on a year-over-year basis (roughly $3.51 billion to $3.59 billion), versus an analyst <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus estimate of $3.48 billion</a>.</p>
<p><strong>SHOP Price Action:</strong> Shopify shares were up 4.53% at $156.04 at the time of publication on Tuesday, <a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">according to Benzinga Pro data</a>.</p>
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<p><em>Photo by Piotr Swat via Shutterstock</em></p>