Shopify Announces First-Quarter 2016 Financial Results
finance.yahoo.com
Revenue Grows 95% Year on Year
Gross Merchandise Volume (GMV) Grows 102% Year on Year
Number of Merchants Surpasses 275,000
“The era of mobile commerce has officially arrived: mobile orders from Shopify merchants surpassed those of desktops in February, and have continued to climb since,” said Tobi Lütke, founder and CEO of Shopify. “Mobile is bringing commerce to places it’s never been before, it is making it more social, and we are pushing that forward in a big way. With our recent integration with Facebook’s new Messenger platform and our acquisition of a leader in mobile messaging for commerce, Kit CRM, we’re making it easier for our merchants to thrive in this new era.”
“Our first quarter delivered a great start to the year,” stated Russ Jones, Shopify’s CFO. “The strong merchant adds in the quarter, together with GMV once again doubling year on year, highlight the value we bring to merchants of all sizes. Our unique combination of strengths is clearly meeting a pressing need in commerce right now.” |
