Shopify beats on fourth-quarter revenue, but gives mixed guidance
1. Shopify's Q4 revenue beat estimates at $2.81 billion but missed earnings. 2. Net income nearly doubled to $1.3 billion compared to last year. 3. First quarter revenue growth forecasted at mid-20% aligns with analysts' expectations. 4. Operating expenses expected to rise significantly to 41%-42% of revenue. 5. Gross merchandise volume reached $94.5 billion, surpassing analyst expectations.