Shopify Beats Forecasts Fueled by Strong Merchant Growth

Core Insights - Shopify's third-quarter sales increased by nearly 33% due to the addition of more merchants to its platform and an increase in merchandise sales [1] Summary by Categories Sales Performance - The company reported a significant rise in sales, with a nearly 33% increase in the third quarter [1] Merchant Growth - The growth in sales was attributed to the addition of more merchants to Shopify's platform [1] Merchandise Sales - There was also an increase in the volume of merchandise sold during the quarter [1]