Skip to content
Subscriber Only

Shopify Climbs as Post-Virus Return to Stores May Not Matter

  • Company says business booming even where lockdowns are lifted
  • E-commerce demand has ‘massive runway’ to grow: Shopify CFO
Bloomberg business news
Shopify Earnings Soar Even as Economies Reopen
Updated on

Shopify Inc.’s growth continued unabated in the first quarter as it crushed both revenue and earnings expectations, countering fears that the pandemic-fueled e-commerce boom would come to an abrupt end as economies open up.

Shares of Canada’s largest company were up about 10% just before noon on Wednesday in New York. After climbing almost 40-fold in the last five years, they had been flat for the year on expectations that growth would inevitably slow.