Shopify, Inc. (SHOP) Q3 2022 Earnings Call Transcript

Oct. 27, 2022 12:08 PM ETShopify Inc. (SHOP), SHOP:CA
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Shopify, Inc. (NYSE:SHOP) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET

Company Participants

Amy Feng - IR

Harley Finkelstein - President

Jeff Hoffmeister - Incoming CFO

Amy Shapero - CFO

Tobias Lutke - Founder, Chairman & CEO

Conference Call Participants

Brian Peterson - Raymond James & Associates

Mark Mahaney - Evercore ISS

Thomas Forte - D.A. Davidson & Co.

Deepak Mathivanan - Wolfe Research

Matthew Pfau - William Blair & Company

Terrell Tillman - Truist Securities

Gabriela Borges - Goldman Sachs Group

Andrew Boone - JMP Securities

Jeffrey Cantwell - Wells Fargo Securities

Amy Feng

Good morning, and thank you for joining Shopify's Third Quarter 2022 Conference Call. Tobi Lutke, Shopify's CEO; Harley Finkelstein, Shopify's President; Amy Shapiro, our CFO; and Jeff Hoffmeister, our incoming CFO, are with us this morning. After their prepared remarks, we will open it up for your questions.

We will make forward-looking statements on our call today that are based on assumptions and therefore, subject to risks and uncertainties that could cause actual results to differ materially from those projected. We undertake no obligation to update these statements, except as required by law. You can read about these assumptions, risks and uncertainties in our press release this morning as well as in our filings with U.S. and Canadian regulators.

We'll also speak to adjusted financial measures which are non-GAAP measures and not a substitute for GAAP financial measures. Reconciliations between the 2 are in the tables at the end of our press release. And finally, we report in U.S. dollars. So all amounts discussed today are in U.S. dollars unless otherwise indicated.

With that, I will turn the call over to Harley.

Harley Finkelstein

Thanks, Amy, and good morning, everyone. As you can see from our Q3 performance, merchants continue to succeed on Shopify, growing sales and using

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