Shopify Q2 Results Exceed Expectations, Shares Surge 19.8%

Shopify's Q2 revenue soared 31% YoY to $2.68 bln, beating estimates. The e-commerce software platform's shares jumped 19.8% in the afternoon session, setting a new 52-week high. Management projected continued revenue growth in the mid-to-high twenties for the next quarter, signaling sustained momentum. The company's shares have risen 41.4% since the beginning of the year and are up significantly since 5 years ago.