Shopify President Harley Finkelstein addresses market skepticism regarding the company's growth forecast following a strong Q1 earnings report. Despite a stock price dip, Shopify achieved $101 billion in Gross Merchandise Volume (GMV), marking a 35% increase and its second consecutive quarter surpassing the $100 billion milestone. Revenue grew 34% year-over-year to $3.2 billion, supported by a 15% free cash flow margin. The company is positioning itself as a leader in the AI era through "Sidekick," an intelligent assistant trained on two decades of commerce data, and by powering AI-driven shopping within platforms like ChatGPT and Google. Orders from AI searches have surged 13x year-over-year, reflecting a shift in how both independent entrepreneurs and large-scale brands like LVMH utilize the platform to scale operations. Shopify now accounts for 14% of all U.S. e-commerce, maintaining four straight quarters of 30% or more revenue growth.
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