Shopping Wednesday report Fourth-quarter results beat revenue and delivered strong performance guide Start a new year. The stock fell more than 9%.

Here’s how the company performed, compared with estimates from analysts surveyed by London Stock Exchange Group (LSEG):

• Earnings per share: Adjusted 48 cents vs. 51 cents
• income: $3.67 billion vs. $3.59 billion

The Canadian e-commerce company said it expects first-quarter revenue to grow “at a rate of less than 30%” year-over-year, according to FactSet, which is higher than analysts’ forecast of 25.1% growth.

Shopify also said its board of directors approved a $2 billion stock repurchase.

Software company stocks include heavy selling In recent weeks, investors have become increasingly concerned about the potential threat of artificial intelligence tools.

Shopify, which sells software that helps businesses launch and run online storefronts, is trying to position itself at the forefront of emerging markets. Artificial Intelligence Shopping Tool. The company is an early partner in the launch of OpenAI Instant checkout function, it helps Google develop a protocol Let artificial intelligence shopping bots facilitate online transactions.

Shopify President Harley Finkelstein told CNBC’s “Squawk on the Street” that the company has “laid the foundation” for artificial intelligence shopping and is poised to benefit from the way it disrupts e-commerce.

Finkelstein said some fears that AI-powered software will be wiped out are overblown.

“I think artificial intelligence presents incredible opportunities, but I think you have to look at companies that serve as infrastructure, as platforms, as opposed to companies that just provide functionality,” Finkelstein said. “Shopify is internet infrastructure.”

The company’s revenue was boosted by the key holiday shopping period, with spending set to hit “record” levels in 2025, it said Adobe Analytics. Adobe said online spending rose 6.8% from Nov. 1 to Dec. 31 to $257.8 billion, beating its forecast of $253.4 billion.

President says consumers remain resilient during holiday shopping season despite sluggish economic backdrop and waning consumer confidence Donald TrumpSweeping tariffs and a slowing job market.

Ministry of Commerce Tuesday report Retail sales were flat in December, following a 0.6% rise in November, ending the year on a somber note after a period of strong shopping activity.

Shopify’s product volume, which is the total number of items sold on the platform, was higher than expected. GMV surged 29% year-on-year to $123.8 billion, exceeding analysts’ estimates of $121.3 billion, according to FactSet.