Shopify (SHOP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Shopify (SHOP) reported second-quarter 2024 adjusted earnings of 26 cents per share, comfortably beating the Zacks Consensus Estimate by 30%. The figure jumped 85.7% year over year.Total revenues jumped 20.7% year over year to $2.05 billion, which beat the Zacks Consensus Estimate by 2.03%. After adjusting for the sale of the logistics business, revenues jumped 25% year over year.Quarter in DetailSubscription Solutions revenues increased 26.8% year over year to $563 million, primarily due to more merchants ...