Shopify tops revenue estimates in big quarter for merchants

Shopify says it beat revenue expectations and boosted free cash flow margin in its second-quarter earnings, as the e-commerce company forecasts continued growth on increased demand for AI-driven shopping. On Wednesday, the Ottawa-founded e-commerce giant released its latest financial results, which show growing revenue by 34 percent year-over-year to reach $3.58 billion USD ($5 billion CAD), beating Wall Street estimates . At the same time, Shopify saw its gross profit, free cash flow, and gross