Shopify reported a 32% increase in revenue, reaching $3.7 billion, driven in part by a 3.3x rise in AI-referred orders. The e-commerce platform saw merchants sell $119.1 billion in Q3, a 29% increase year-over-year. The company's guidance for Q4 suggests operating costs may reach up to 30% of revenue, raising questions about margin sustainability during the busy Black Friday period. AI
IMPACT Indicates growing AI integration in e-commerce driving sales and revenue for platforms like Shopify.
RANK_REASON This is a financial report about a company that uses AI, not a core AI release or research.
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