Shopify, an e-commerce provider, has reported revenue growth of 45% to $390.6 million, which is driven mostly by its subscription and merchant solutions for the third quarter of the year. Last year’s Q3 revenue reached $270.1 million.
According to Shopify CFO Amy Shapero, the company has reportedly surpassed one million merchants on its platform. Growth was driven in part by international expansion.
As global adoption of Spotify grows, it continues to invest in making marketing technologies more accessible and affordable to merchants, many of who are competing with Amazon.
Early in the third quarter, the company launched Shopify Chat which allows merchants to communicate with customers in real-time.
Mobile purchases continued to grow this quarter, accounting for 71% of orders, up from 67% over last year’s third quarter.
Source- Jennifer Cannon