Shopify’s financial performance in the fourth quarter was remarkable, with total revenue reaching $1.7 billion, marking a 26% increase from the previous year. The company’s gross merchandise volume (GMV) also hit a new high at $61 billion, up 13% from last year. Subscription solutions revenue grew by 14% to $400.3 million, while merchant solutions revenue jumped 30% to $1.3 billion. Shopify’s operating income soared to $121.1 million, a significant improvement from a $166.9 million loss in the same quarter last year. Free cash flow also turned positive, reaching $276.2 million compared to a negative $11.8 million in the prior year. Despite these impressive figures, Shopify’s stock experienced a 10% drop in after-hours trading following the earnings release.
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