August 7, 2018

Multi-channel eCommerce platform Shopify (NYSE: SHOP)(TXS: SHOP)reported strong revenue growth of 62 percent in the second quarter of 2018 with total revenue of $245.0 million, driven by Subscription Solutions revenue of $110.7 million, a 55 percent increase year-over-year, and Merchant Solutions revenue of $134.2 million, a 68 percent increase. Subscription Solutions revenue was driven by growth in Monthly Recurring Revenue and an increase in the number of merchants using the Shopify platform for their online businesses. Merchant Solutions revenue was driven by Gross Merchandise Volume and growth in Shopify Capital and Shopify Shipping, each more than doubling revenue over Q2 2017.