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  • ๐Ÿ“ฐ ๐Ÿ“ˆ Gapping up / ๐Ÿ“‰ Gapping down
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๐Ÿ“ฐ ๐Ÿ“ˆ Gapping up / ๐Ÿ“‰ Gapping down

November 12, 2024
Frank

๐Ÿ“ˆ Gapping up / ๐Ÿ“‰ Gapping down

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๐Ÿ“ฐ $SHOP RESULTS: Q3 ๐Ÿ”ธ Revenue $2.16B, +26% y/y, EST $2.12B ๐Ÿ”ธ Monthly recurring revenue $175M, EST $173.6M ๐Ÿ”ธ Merchant Solutions revenue $1.55B, +26% y/y, EST $1.52B ๐Ÿ”ธ Subscription revenue $610M, +26% y/y, EST $599M ๐Ÿ”ธ Gross merchandise volume $69.72B, +24% y/y, EST $67.78B COMMENTARY AND CONTEXT ๐Ÿ”ธ Sees Q4 Rev. Growing at Mid-to-High-Twenties Percentage ๐Ÿ”ธ Sees Q4 Free Cash Flow Margin Similar to Q4 2023 ๐Ÿ”ธ Sees Q4 Revenue to Grow at A Mid-to-High-Twenties % Y/Y ๐Ÿ”ธ Sees Q4 Opex as Percentage of Revenue 32% to 33% ๐Ÿ”ธ Sees Q4 Gross Profit up at A Y/Y Rate Similar to Q3
๐Ÿ“ฐ 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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