Shopify (SHOP) reported a Q1 net loss Thursday of $0.53 per diluted share, compared with a loss of $0.21 a year earlier.
Analysts polled by Factset expected EPS of $0.17.
Revenue for the quarter ended March 31 was $2.36 billion, up from $1.86 billion a year earlier.
Analysts surveyed by FactSet expected $2.33 billion.
For Q2, the company said it expects revenue to grow at a mid-twenties percentage rate from a year earlier.
Shopify shares were down 8.2% in recent premarket activity.
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