The holiday season is fast approaching, and Shopify seems to have received its Christmas gift a bit early this year: Its stock skyrocketed to its highest level since 2022 after reporting quarterly earnings.

A Shopify executive says the company’s latest results showed “continued discipline of balancing both future growth investment and operational leverage.”

Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company's focus on employing AI-powered tools attract more merchants to its e-commerce services ahead of the all-important holiday season.

Shopify Inc. soared after reporting third-quarter sales that beat analysts’ estimates, a sign that the Canadian e-commerce company is gaining momentum as spending continues to shift from stores to websites.

Shopify reported robust quarterly earnings, beating expectations, driven by strong segment growth and cost management.

(Reuters) -Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the all-important holiday season.