Nivedita Balu / Reuters:
Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew 11% YoY to $46.2B; shares jump 7%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online services provider’s tools and payment options to scale up.
Nivedita Balu / Reuters:
eBay reports Q3 revenue down 5% YoY to $2.4B, vs. $2.32B est., gross merchandise volume down 11% YoY to $17.7B, active buyers down 11% YoY to 135M; stock up 6%+ — Ecommerce company eBay Inc (EBAY.O) on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped …
Yuvraj Malik / Reuters:
Mobileye reports Q3 revenue up 38% YoY to $450M, beating $447M estimates, and a $45M net loss, up from $26M YoY, in its first post-IPO earnings — Mobileye Global Inc (MBLY.O) beat estimates for revenue on Wednesday in its first quarterly report after going public in October, as the Intel Corp …
Jackie Davalos / Bloomberg:
Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats — Uber Technologies Inc. reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership …
Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022 — Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …
Brody Ford / Bloomberg:
Oracle reports Q1 revenue up 18% YoY to $11.4B; total cloud revenue was up 45% YoY to $3.6B, and health data provider Cerner, acquired in June, generated $1.4B — Oracle Corp.’s quarterly sales jumped 18%, buoyed by the software maker’s transition to cloud computing and the acquisition of health records provider Cerner.
Aisha S Gani / Bloomberg:
Revolut to launch a one-click payment feature, starting with Shopify, Prestashop, WH Smith, and others — Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at online checkouts. — Revolut Pay has signed up retailers including Shopify Inc. …
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