Shopify Reports Subscription Revenue of $56.4 Million for Q4 2016
Last week Shopify* (NYSE: SHOP)(TSX: SHOP) reported its fourth quarter and full-year 2016 results, including total revenue for Q4 of $130.4 million, an 86 percent increase over the same period last year. As part of total revenue, Subscription Solutions revenue for Q4 was $56.4 million, representing a 63 percent increase year-over-year. Shopify also reported that there are now more than 375,000 merchants using the Shopify platform, a record number for the company.
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