Spencer Soper / Bloomberg:

Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+  —  Gross margins for the second quarter are expected to fall by about 50 basis points compared with the first quarter, the company said in a statement on Wednesday.

Spencer Soper / Bloomberg:

Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+  —  Gross margins for the second quarter are expected to fall by about 50 basis points compared with the first quarter, the company said in a statement on Wednesday.

Source: TechMeme
Source Link: http://www.techmeme.com/240508/p23#a240508p23