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Shopify forecasts Q3 revenue above estimates on AI-backed platform upgrades
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Shopify forecasts Q3 revenue above estimates on AI-backed platform upgrades
Aug 6, 2025 4:34 AM

Aug 6 (Reuters) - Shopify ( SHOP ) forecast

third-quarter revenue above market estimates on Wednesday, as

its AI features and platform upgrades boosted demand for its

e-commerce services despite tariff-related uncertainty

pressuring retail businesses.

U.S. listed shares of the company surged nearly 10% in

premarket trading.

President Donald Trump's shifting trade policies have

clouded the global economic outlook, leaving retail businesses

unsure about consumer demand, production and sourcing, as well

as the costs of running their operations.

Shopify ( SHOP ), however, saw healthy consumer spending at least

until April, with sellers signomg up for its services.

E-commerce giant Amazon ( AMZN ) last week reported strong

retail results, saying it was yet to see a demand drop or a

notable rise in prices.

Shopify ( SHOP ) expects revenue to rise mid-to-high twenties

percentage rate in the current quarter, while analysts on

average estimated a rise of 21.54%, according to data compiled

by LSEG.

For the second quarter, Shopify ( SHOP ) reported revenue of $2.68

billion, up 31% from last year and above analysts' average

estimate of $2.55 billion.

(Reporting by Kritika Lamba in Bengaluru; Editing by Devika

Syamnath and Arun Koyyur)

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