Shopify’s Return To Profitability Is Proof Of A Well-Made And Well-Executed Business Strategy

On Thursday, Shopify Inc (NYSE: SHOP) published its third quarter results, topping both top and bottom line estimates while also uplifting its fourth quarter guidance. Upon the report, Shopify stock closed 22.3% up, with both its U.S. and Canada-listed shares surging more than 21% and hitting their highest levels since May. Strong Third Quarter Results For the quarter that ended on September 30th, Shopify reported revenue grew 25% YoY as it amounted to $1.71 billion, topping the expected $1.67 b