Shopify sees FY23 revenue up at mid-20s percentage rate on y/y basis

Consensus is $6.92B. For the remainder of 2023, Shopify expects: Full year revenue to grow at a mid-twenties percentage rate on a year-over-year basis, driven by fourth quarter revenue growth in the high-teens year over year, which translates into a year-over-year growth rate in the low-to-mid-twenties when excluding the 400 to 500 basis points impact from the sales of its logistics businesses. Fourth quarter gross margin percentage to be 300 to 400 basis points higher than the fourth quarter of 2022. Capital expenditures of approximately $45M for the full year. Fourth quarter free cash flow as a percentage of revenue to be in the high-teens.