Shopify (SHOP) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Shopify (SHOP) reported first-quarter 2024 adjusted earnings of 20 cents per share, comfortably beating the Zacks Consensus Estimate by 25%. The company reported earnings of 1 cent per share in the year-ago quarter.Total revenues jumped 23.4% year over year to $1.86 billion, which beat the Zacks Consensus Estimate by 1.36%.Quarter in DetailSubscription Solutions revenues increased 33.8% year over year to $511 million, primarily due to more merchants joining the platform, as well as pricing changes for exist ...