Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+ (Spencer Soper/Bloomberg)

Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+  —  The Canadian e-commerce company said it expects revenue growth for the quarter ending in June to be in the mid-twenties, compared with a year earlier.