What trends are seen in SHOP's past year earnings?

Shopify's net income has experienced significant fluctuations over the past year, with a notable decline in the first quarter of 2024. Here's a summary of the trends seen in SHOP's past year earnings: 1. **Growth in Q3 and Q4 2023**: Shopify's net income recovered sharply from $171 million in Q2 2023 to $828 million in Q3 2023, and then increased further to $1.29 billion in Q4 2023. 2. **Decline in Q1 2024**: However, there was a substantial drop to -$273 million in Q1 2024, which is a significant decrease from the previous quarter's net income. 3. **Seasonal Variance**: It's important to note that Shopify's earnings may be influenced by seasonal factors, such as increased sales during the holiday season in Q4. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |SHOP|SHOP.N|Shopify|2024 Q1|-501.4705882352941|-2.73E8|169| |SHOP|SHOP.N|Shopify|2024 Q2|113.04347826086956|1.71E8|169| |SHOP|SHOP.N|Shopify|2024 Q3|15.32033426183844|8.28E8|169| |SHOP|SHOP.N|Shopify|2024 Q4|96.80365296803653|1.293E9|169|