Shopify (SHOP) Tops Q4 EPS by 6c, Revenues Beat; Offers Q1 & FY19 Revenue Guidance

February 12, 2019 7:08 AM

Shopify (NYSE: SHOP) reported Q4 EPS of $0.26, $0.06 better than the analyst estimate of $0.20. Revenue for the quarter came in at $343.9 million versus the consensus estimate of $327.63 million.

Fourth-Quarter Financial Highlights

“We made history in 2018: no other SaaS company has crossed the $1 billion-dollar revenue mark at a faster growth rate than Shopify has,” said Tobi Lütke, Shopify’s CEO. "This milestone is significant due to the backdrop: Shopify allows people to partake in the entrepreneurial world who would otherwise not be able to do so. We have been focused on growing this market for the past 12 years even though a lot of people told us that this isn’t a valuable business model. We let the results speak for themselves."

"Our merchants had an incredible fourth quarter, and we are energized by their success," said Amy Shapero, Shopify’s CFO. "With our focus on helping entrepreneurs everywhere, including those within the enterprise, launch their businesses and grow them, in 2018 we reached a billion orders cumulatively, and saw the highest-ever mix of merchants join the platform from outside our core geographies. We look forward to expanding our footprint even more in 2019 as we continue to bring more product innovation and more value to merchants of all sizes around the world."

GUIDANCE:

Shopify sees Q1 2019 revenue of $305-310 million, versus the consensus of $308 million.

Shopify sees FY2019 revenue of $1.46-1.48 billion, versus the consensus of $1.48 billion.

For earnings history and earnings-related data on Shopify (SHOP) click here.

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