Shopify's Revenue Growth Outpaces Estimates, But PayPal-Related Margin Impact Raises Questions: Analyst
1. Shopify's Q4 revenue increased 31%, beating estimates. 2. Gross margin contracted to 48.1%, affected by PYPL revenue changes. 3. Free cash flow margin of 21.7% outperformed expectations. 4. Merchants' payment volumes rose, indicating market strength. 5. Shopify's guidance shows stability but less growth than expected.