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Shopify's Revenue Jumps as Does Its User Base

Shopify's Revenue Jumps as Does Its User Base

2015-11-11 13:37

The e-commerce platform Shopify had a great third quarter. Since the IPO in May this year the revenue has jumped 93 percent.

Shopify's IPO landed the company $131 million and valued the business close to $1.3 billion. The e-commerce platform does not disappoint the shareholders in its first quarter as a listed company.

During the third quarter of 2015 Shopify can show revenue of $52,8 million, a growth of 93 percent compared to last year. The total dollar value of orders processed on the Shopify platform during the period was $1.9 billion, up 101 percent from 2014.

The platform also reports that they now have 200,000 merchants using Shopify in 150 countries. During the second quarter of this year the number was only 175,000.

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Integrations Galore

The nice growth might be coming from the partnerships and integrations that Shopify has launched recently. Amazon has made the platform the default place to migrate from when using their outdated Amazon Webstore.

Shopify has also launched integrations together with the social networks Facebook, Pinterest and Twitter. They have also partnered up with Uber for same day delivery in New York, Chicago and San Francisco.

- While these initiatives are still in their early stages, we see strong potential for all of them to contribute to our long-term growth. Multichannel commerce is the future of retail, and we're excited for Shopify to take a bigger and bigger role in determining it, said Tobi Lütke, Shopify's CEO.

Julius Gunnilstam

Editor-in-chief

Born computer engineer - today e-commerce expert and the leader of the editorial team at Ecomony. Been writing about e-commerce for six years.

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