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2024
November
12
๐ฐ ๐ Gapping up / ๐ Gapping down
News
๐ฐ ๐ Gapping up / ๐ Gapping down
November 12, 2024
Frank
๐ Gapping up / ๐ Gapping down
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๐ฐ $SHOP RESULTS: Q3 ๐ธ Revenue $2.16B, +26% y/y, EST $2.12B ๐ธ Monthly recurring revenue $175M, EST $173.6M ๐ธ Merchant Solutions revenue $1.55B, +26% y/y, EST $1.52B ๐ธ Subscription revenue $610M, +26% y/y, EST $599M ๐ธ Gross merchandise volume $69.72B, +24% y/y, EST $67.78B COMMENTARY AND CONTEXT ๐ธ Sees Q4 Rev. Growing at Mid-to-High-Twenties Percentage ๐ธ Sees Q4 Free Cash Flow Margin Similar to Q4 2023 ๐ธ Sees Q4 Revenue to Grow at A Mid-to-High-Twenties % Y/Y ๐ธ Sees Q4 Opex as Percentage of Revenue 32% to 33% ๐ธ Sees Q4 Gross Profit up at A Y/Y Rate Similar to Q3
๐ฐ Redfin Reports Rents Flat Nationally in Oct, but Rising in East Coast and Midwest Metros Redfin” Median U.S. Asking Rent Barely Moved in Oct, Nudging Up 0.2% Yr Over Yr to $1,619 Redfin : Rents Were Dn 0.6% on Mo-over-Mo Basis in October
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