Shopify warns of online slowdown despite soaring revenues

Shopify homepage – text reads: 'Sell online with Shopify: Trusted by over 1,000,000 businesses worldwide'

Shopify has warned that the likely absence of a “Covid-triggered acceleration of ecommerce” in the first half of 2022 looks set to impact revenue growth.

Shopify’s total revenue for the 2021 full year reached $4.6bn (£3.38bn) – a 57% increase from 2020. Gross profits rose 61% from 2020 to $2.4bn (£1.77bn). 

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