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Shopify stock price is on fire today after an ‘outstanding’ quarter, boosted by AI tools and a bright holiday sales forecast

Shares of Shopify (NYSE: SHOP) are skyrocketing in early-morning trading after the company announced its Q3 2024 results, which beat expectations. As of the time of this writing, SHOP stock is up an impressive 23% to above $110 per share. 

However, Shopify’s stock isn’t on fire only because of its good Q3. There are some other reasons why Shopify is exciting investors this morning. Here’s what to know:

Shopify’s ‘outstanding’ results

Shopify would probably disagree with the statement that the company had a good Q3. As the company’s president, Harley Finkelstein, said in a press release, the results were “outstanding.”

Why was the quarter so outstanding? A big part of it was the company’s Q3 revenue, which came in at $2.16 billion. That represents a whopping 26% year-over-year growth rate from Q3 2023.

As Reuters notes, it even surpassed many analysts’ lofty expectations of $2.11 billion in revenue, leading to the ninth time in a row that the company has beat analyst expectations on sales.

Not only did Shopify beat analyst expectations again, but its 26% revenue growth for this quarter marked “our sixth consecutive quarter of greater than 25% revenue growth excluding logistics,” Shopify CFO Jeff Hoffmeister said.

In a slide deck, Shopify also announced that as of Q3 2024, the company had facilitated $1 trillion in global sales since the platform’s inception and that it now has a 10% share of the U.S. e-commerce market.

Okay, but why did Shopify have such a good Q3?

As also noted by Reuters, Shopify attracted more merchants to its online e-commerce platform this quarter. One of the attractions for the merchants seems to be a new artificial intelligence tool Shopify started rolling out in June called Sidekick.

Sidekick is an artificial intelligence assistant currently in early access for some merchants. Shopify says the AI bot “will act as your very own advisor, guiding you with tailored, skilled advice to make your business stronger.”

It does this by shouldering some of the mundane but necessary tasks that any businessperson needs to do to manage their business. Sidekick can help easily keep track of a merchant’s inventory, generate myriad reports that reveal new insights about your business, and even suggest ways to attract more customers to a storefront.

Sidekick is in addition to another AI tool Shopify offers, this one called Shopify Magic, which helps merchants create product images for their wares, write product descriptions, and even help them generate FAQs for their stores.

These AI tools are making it easier than ever for customers to manage their storefronts, and their availability is clearly a draw for some merchants.

The future looks promising, too

But Shopify’s stock isn’t only surging because the company had a terrific Q3. If anything, investors seem most excited about what the company has predicted will happen next.

Shopify’s current quarter, Q4, is arguably the most important of the year for the company and its merchants. This is the all-important holiday shopping quarter—and Shopify has anounced it has strong hopes for the period.

The key metric that Shopify has forecast is its revenue expectations for Q4, which the company says it expects will “grow at a mid-to-high-twenties percentage rate on a year-over-year basis.”

That’s music to investors’ ears, as it means Shopify expects it may do even better in Q4 than its just-completed outstanding Q3. That revenue growth estimate is also more than the 22.7% revenue growth many analysts were expecting, noted Reuters.

A resurgent stock

Shopify’s stock started 2024 with prices hovering in the high seventies before dropping to the low sixties over the summer. But since the beginning of the fall, SHOP shares have been on an upswing. Today’s 23% surge means SHOP shares are actually up over 38% year-to-date.

However, despite the resurgent stock, SHOP shares are nowhere near their all-time high of above $152 per share. Those highs were achieved in mid- to late-2021 when e-commerce was enjoying a pandemic boom as more people preferred online shopping over brick-and-mortar stores.




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Disney's new holiday short follows the friendship between a boy and an octopus

Disney has just released a new four-minute holiday short, with "The Boy & The Octopus" by Taika Waititi available on YouTube.





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Google Just Dropped Its Trending Tech Gifts For Holiday Inspiration

Whether you're building a holiday list for yourself or brainstorming ideas for the tech-inclined in your life, Google's Holiday 100 has you covered.




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Labor Dept. Pushes Employers to Follow Federal Safety Guidelines During Holiday Season

The U.S. Department of Labor is ramping up efforts to emphasize workplace safety during the holiday season and providing resources through OSHA to prevent on-the-job tragedies, especially for workers in construction, warehousing, and delivery roles. 




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Holiday Fraud

Heba Kanso, Digital Reporter for CBSNews.com, discusses how to avoid charity fraud when donating this holiday season.




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Holiday shopping Whac-a-Mole

See how how many seasonal pop-ups you can hit this month, as we give you a great tip on finding the perfect gift at a holiday market near you.

The post Holiday shopping Whac-a-Mole first appeared on Federal News Network.




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Global tablet shipments up 8% sequentially as market revives before holiday season

According to the latest Canalys data, worldwide tablet shipments reached 33 million in Q3 2023, marking a 7% annual decline. But this represents an 8% sequential increase, reflecting a revival of the tablet market ahead of the crucial holiday season and the strong performance of new entrants in the space.





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Biden signs bill making Juneteenth a federal holiday

President Joe Biden has signed legislation Thursday establishing a new federal holiday commemorating the end of slavery, saying he believes it will go down as one of the greatest honors he has as president

The post Biden signs bill making Juneteenth a federal holiday first appeared on Federal News Network.




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Get into the Black Friday shopping mood with the Amazon.sg Holiday Playground

Come down and play your way to great deals with Amazon.sg this Black Friday Sale season! #amazon.sg #amazonprime #blackfriday




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How to make your holiday decor shine this season

Transforming your space for the holidays — an activity that should be merry and bright — can sometimes feel like a chore…



  • Health & Home/Home



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Walmart to offer independent drivers new holiday bonuses in battle with Amazon

Walmart is offering new incentives to its Spark Driver network for the holiday season to compete with Amazon in the e-commerce market. The company aims to attract more upper-income households to its Walmart Plus membership by offering faster deliveries and potentially increase advertising revenue.




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A Look At Pandemic's Impact On Recovery For Alcoholism And Drug Addiction

AILSA CHANG, HOST: Two female firsts in the Supreme Court are retiring. We're talking about the marshal of the court and the reporter of decisions. In 2001, Marshal Pamela Talkin became the first woman to oversee security. Christine Luchok Fallon has been at the court for 31 years, the last nine as the reporter of decisions. NPR legal affairs correspondent Nina Totenberg reports. NINA TOTENBERG, BYLINE: Pam Talkin had been at the Supreme Court in the top security job for less than two months when 9/11 hit. Her first task that morning was to evacuate the building. But Chief Justice Rehnquist was in a conference room conducting his annual meeting with the chief judges from around the country. Talkin sent in a note to no avail. Finally, she walked into the room to get everyone out of there. A month later, the anthrax attack cross-contaminated all the mail in the Capitol complex. And this time, the court had to do something it had never done since the Supreme Court building opened in 1935.




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2024 MeFi Holiday Card Exchange!

It's the 8th MeFi Holiday Card Exchange!

Sign ups are open, and will close approximately 8am EST 11/17. I hope to have assignments out by end of day EST 11/19 - if you haven't gotten yours by end of day Friday 11/22, please check your spam/junk and contact me. This is our eighth year of the card exchange. We have 5, 10, and up to 20 options available. You can choose US only, send anywhere (international) or Europe only (if there are enough signups for this). Most of the people participating are in the US and Canada, so if you sign up for international, you will mainly get those addresses. I try to spread them out. If you're in Europe, and want a limited number of US addresses, just let me know in the notes section - I likely won't be able to give you 20 non-US/Canadian addresses, but I will do my best! (same if you'd rather mostly have US and Canadian addresses. I will do my best with specific requests.) Other answers to commonly asked questions- - There isn't a specific timeline on when you need to have your cards sent out by, just whenever you can. - If something happens and you can't send out your cards after all, send me a message, and I will happily send some for you! - Any type of card is fine - store-bought, handmade, postcards, etc. - While this is a holiday card exchange, and most people do send holiday themed cards, I have received all sorts of cards, so do what makes you happy! - Number of card options are 5, 10, and up to 20. If you are open to more than 10, but not 20, you can add that to the notes. Sometimes the sorting works out that I have some odd numbers. Also, if you choose up to 20, it is possible that you will have a duplicate (because you may be in two lists of 10) - so it may not work out perfectly evenly (I do my best to avoid this!). If you don't have the bandwidth to do the card exchange, but you'd like to get a holiday card anyway, I am happy to send one - just memail me your info! (Seriously - Costco had holiday stamps, and I said "oh, I'll take two!" and phew, I have a lot of stamps now!) I do have the form set up so that it sends a confirmation with a summary of what you've chosen - this means that it has to collect your email. If you don't want to let it do that, you're welcome to memail me, and I will add you to the spreadsheet. I'll try to check into this thread daily, but if you have an urgent question, please memail me. This is (still) truly one of my favorite things all year, so thank you for participating! Sign up form is here!




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Join the 8th Annual Holiday Card Exchange


Photo by Chic Bee, via Flickr (https://www.flickr.com/photos/80454089@N00/)

Signups are open for the 8th annual holiday card exchange!




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300: ‘Holiday Party 2020’, With Merlin Mann

Another election. A different result. Let’s talk around it.




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305: ‘Star Wars: The Mandalorian’ Holiday Spectacular, With Special Guests Guy English and John Siracusa’

As per holiday tradition at The Talk Show, a brief chat about *Star Wars: The Mandalorian*, with a cavalcade of special guests, including, but not necessarily limited to, Guy English and John Siracusa.




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413: ‘Holiday Party 2024’, With Merlin Mann

This again. Jiminy. Well, once more, let's talk *around* another election, and try, by doing so, to maybe express something *about* it.




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Los problemas del Alcoholismo.

Los problemas del Alcoholismo.




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Keeping your child busy over the holidays

Schools closed over a week ago, and if you have children in lower, and upper grades, and teenagers, you might be experiencing some tsunami in your household.




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Dec 17: Our annual holiday book show, including the health hazards of space travel and more

A history of COVID-19 and the neuroscience of religion.



  • Radio/Quirks & Quarks

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Dec 31: Our annual holiday question show

On this year's edition of our holiday science question show, we've got answers for your burning science questions like why did Bob's voice change so much? Does more C02 help trees grow? Do insects and reptiles play? And more...



  • Radio/Quirks & Quarks

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ChatGPT, Indigenous-led conservation, Ye and the mainstreaming of antisemitism, our holiday book guide & more

Meet ChatGPT, the free AI chatbot that's blowing people's minds; Indigenous-led conservation efforts take centre-stage at COP 15; Marsha Lederman on Ye and the mainstreaming of antisemitism; how climate activists are capitalizing on the collapse of FTX to reign in crypto's carbon emissions; Becky Toyne's holiday guide to gifting books; and more.



  • Radio/Day 6

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What holiday traditions are you looking forward to the most this year?

We're into the home stretch ahead of the holiday season, and many Canadians are preparing to carry out their annual traditions or start new ones. What's a new custom you've adopted, or a tired tradition you want to get rid of?



  • Radio/Cross Country Checkup

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'A Carol For Two,' 'Holiday Mismatch' and more: How to watch the new Hallmark holiday movies coming out this weekend




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Holiday Gift Guide: Early Edition

Regardless of when you do your holiday gift buying it's never too early to get ideas and we have some very cool suggestions for you here in our first Holiday Gift Guide of the season.




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Newsflash Video & Holiday Weekend Reports

This past holiday weekend saw the island pay tribute to the island’s war veterans on Remembrance Day, the Taylor Made Peace Concert, multiple Bermudian footballers score for their teams overseas, and various other community and sporting events. Links to our weekend coverage are below, click to view more. News/Misc: PLP Pay Tribute To Canon James […]





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Holiday Party Recipe: How to make a showstopper Antipasti Platter

This abundant board features tortellini skewers, prosciutto-melon skewers and stuffed mushrooms, as well as classic antipasti items.





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A Throwback Holiday



A little holiday magic helps one woman reset her past.



  • BET Star Cinema
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Holiday Heist



Romance complicates a jewelry store robbery.



  • BET Star Cinema
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Regiment & Salvation Army Holiday Concerts

The Ministry of Tourism, Culture and Sport invite the public to “enjoy an outdoor holiday concert series starting this Saturday and continuing each Saturday until Christmas at various locations around the island.” Minister of Tourism, Culture and Sport, Owen Darrell, praised the joint musical venture saying, “The holiday season is a time for reflection and […]




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Road Checkpoints Over Bermuda Day Holiday

According to the most recent Official Notices, the Bermuda Police Service will be conducting road sobriety checkpoints over the Bermuda Day holiday — from Thursday, May 26th to Sunday, May 29th — with the checkpoints set to take place in Hamilton parish, Smiths, Devonshire, Pembroke, Paget, Warwick and Southampton. Road Sobriety Checkpoint Notice 2022 [PDF here] For […]




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Eight Arrested For DUI Over Holiday Weekend

Eight people were arrested for DUI offences over the Labour Day holiday weekend, with the highest breathalyzer reading more than twice the legal limit. The police posted online, saying: “There were eight persons arrested for DUI offences over the Labour Day holiday weekend.” The police added, “The highest breathalyzer reading was 197mg of alcohol in 100ml […]




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Susan Jackson Urges Safety Over Holiday

Shadow Transport Minister Susan Jackson reminded the motoring public “to be responsible and not drink and drive.” Ms Jackson said, “With holiday and end of year parties in full swing, and merriment at every turn, I urge the motoring public to be responsible and not drink and drive. “This time of year, friends are generous […]




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BSX Closed For Remembrance Day Holiday

The Bermuda Stock Exchange [BSX] will be closed on Monday, November 11, in observance of the Remembrance Day Public Holiday. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the Exchange will be closed on closed Monday, 11 November 2024, in observance of the Remembrance Day Public Holiday. The BSX will re-open on Tuesday, […]




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RUBiS Christmas & New Year’s Holiday Hours

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Holiday Market In Paget On Saturday

A Holiday Market will take place on Saturday [Nov 2] from 10:00am to 4:00pm at St. Paul’s Church Hall in Paget. A spokesperson said, “Join us for our Holiday Market on November 2nd, from 10:00 AM to 4:00 PM, at St. Paul’s Church Hall, located at 69 Middle Road, Paget. “Come celebrate a delightful day of […]




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Photos & Video: Holiday Market In Paget

A Holiday Market event took place today [Nov 2] at St. Paul’s Church Hall in Paget, featuring a number of local vendors offering a wide variety of items for sale, including unique gifts, handcrafted items, and much more. A spokesperson previously said, “Come celebrate a delightful day of shopping and holiday cheer! Discover unique gifts, […]




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PALS Annual Holiday Fair Set For Nov 23

The PALS 44th Annual Holiday Fair will be held on Saturday, November 23, from 9am to 2pm at PALS Headquarters on Point Finger Road in Paget. According to the promotional flyer, the event will feature a variety of activities and attractions, including: Plant, Craft & Mystery stalls Bake Sale Local vendors selling their products Special […]




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Video: B.L.A.C., Desta Zion Release Holiday Song

B.L.A.C. and Desta Zion have released a new Christmas single and music video entitled “Open Your Heart.” The video description says, “Merry Christmas from the 9! Happy holiday wishes to everyone from B.L.A.C. & Desta Zion! Shout out to Korie Minors for shooting this wholesome video that depicts love, family, togetherness and memories!” Related Stories […]




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Video: Prime Video Releases Trailer and Key Art for "Jeff Dunham's Scrooged-Up Holiday Special"

The one-hour special will premiere on November 19 on Prime Video.




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Snickerdoodle Cookies for the Holidays … or anytime

  With just a few simple ingredients and a little bit of time, you can make these delicious Snickerdoodle Cookies to share with your family and friends for Christmas, other seasonal holidays, or anytime for that matter. Snickerdoodle Cookies have the delicious flavor of cinnamon, sweet sugar taste, and the velvety butter mouth feel.  If …





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Mexicana: Deadly Holiday

Exclusive offer from Giveaway of the Day and ToomkyGames! No third-party advertising and browser add-ons! Dia de Muertos, or the Day of the Dead, provides a stunning backdrop for a thrilling supernatural adventure in Mexicana: Deadly Holiday! Guide a young woman as she sets off on a desperate search for her fiance amidst the annual celebration in Mexico. Moments after a spectral figure kidnaps her beloved during a card reading, she begins her journey to the afterworld, where demons will plot her demise and ancients gods will lend her a helping hand. As you travel through a stunning fiery wasteland on your way to a realm of peace and tranquillity, you'll search for cleverly hidden objects, solve skillfully designed puzzles, and crack dozens of devious mini-games. Along the way, you'll slowly unfold the astonishing truth of who the young woman really is. Set in a captivating world, and featuring visuals and music inspired by the Land of Enchantment, Mexicana: Deadly Holidays is packed with thrills unlike any you have experienced!




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Polish parliament debates making Christmas Eve a public holiday

Chances of the bill being passed this year are not high.