|Shopify announces third quarter financial results
On Thursday morning, Shopify announced incredibly strong results for their third financial quarter ending September 30, 2020. The global e-commerce reported total revenue in the third quarter was $767.4 million, which is a 96% increase from the same quarter in 2019. Monthly recurring revenue (MRR) was $74.4 million with growth accelerated to an impressive 47% year-over-year.
“Shopify’s tremendous third-quarter results reflect the resilience and entrepreneurial spirit of our merchants,” said Amy Shapero, Shopify’s CFO. “More entrepreneurs are signing on to Shopify so they can quickly and easily put their ideas into action. We continue to evolve our global commerce operating system to make it easier for merchants to get online and start selling, get discovered, and get their goods to buyers, while providing a delightful shopping experience.”
Microsoft’s Clarity, a free analytics product, is now available for users to explore. The product’s set of tools are designed to help website managers improve their visitors’ web experience by understanding visitor behavior. Clarity offers heatmaps and session playbacks to examine user interactions as well as an insights dashboard of aggregate metrics.
Clarity places an emphasis on offering website managers the information that they need all while remaining GDPR compliant and respecting users’ privacy. Additionally, there are no traffic caps. “Clarity is designed to have a very low impact on page load times, so you can make sure users navigating to your site won’t have to wait for pages to load,” Microsoft released on Bing Blogs. “We don’t place any caps on your traffic so whether you get 10 visitors per day or 1,000,000, Clarity will be able to handle your traffic with no additional cost for you.”
On Thursday, Netflix raised the prices on its standard and premium plans from $12.99 and $15.00 to $13.99 and $17.99 per month, respectively for US subscribers. This is the first increase in subscription price since January 2019. The basic level plan for Netflix will remain at $7.99 per month though. Upon the price change, Netflix shares jumped nearly 5% to $512.30 per share. Netflix hinted at an increase in price on their last earnings call as investments in content and product features increased. According to a message from Netflix to The Verge, the price increase “in the US does not influence or indicate a global price change,” as Netflix rolls out pricing plans country-by-country.
As the workplace shifts, leaders need to align their soft skills and leadership practices with those changes too. We weighed in with some of our thoughts on what leaders can do to navigate steep learning curves in the shift to remote work and how to keep themselves and their staff productive, focused, and healthy. Click the link to read more!
In 2009, Mohit Bhakuni recognized a unique opportunity. According to Bhakuni, companies need the information to make informed decisions. They need information on their competitors, key customers, specific market segments. But such business information was not being comprehensively covered by the mainstream media. Even business-focused publications cover only strategically significant . . . CLICK LINK TO KEEP READING
|New Business For Sale
For sale is a rapidly growing content business in the outdoor and survival niche that has attracted over 1.9M page views over the LTM alone. Since launching in 2018, the business has scaled by providing detailed, high quality, and easy to follow how-to guides and product reviews for outdoor enthusiasts. The acquisition presents a unique opportunity for a new owner to take over a reputable content business in a lucrative niche.
Some key highlights:
Request a prospectus from the link above to learn more.
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OTHER NEW LISTINGS
- A firm foothold in the Kindle Direct Publishing niche
- Attractive SaaS metrics with an MRR of c.$2,800 and an LTV of c.$270 over the LTM
- Impressive revenue growth of c.86.8% CAGR from 2017 to (e)2020
- Lean operating model with high net margins
Yearly net profit: $30,000
Asking price: $121,000
Until next week!
The FE International Team