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Plus500 Ltd.

shopify

Financial Analysis

PLUS

SHOP

The e-com tools and payments vertical leader — $Shopify (SHOP.US) reported Q1 2026 results pre-market on May 5. Overall, the quarter was solid.Growth and profit beat Bloomberg consensus. Excluding FX tailwinds, however, the print offered little upside vs. buy-side expectations.Guidance for next quarter showed minor blemishes. While broadly in line with Bloomberg consensus, the trajectory points to an 'inevitable' slowdown in GMV, revenue, and profit growth...

ePlus

Shopify 

SHOP: As AI e-comm agents ebb, is the payments leader swimming naked?

Roblox

RBLX

Hi all, this is Dolphin Research. $Roblox(RBLX.US) Q1 was a bomb, with the biggest issue being a sharp cut to growth guidance.The immediate trigger was tighter child-safety regulation across markets and regions. More fundamentally, the game content cycle has softened.Ahead of the print, close tracking of platform data had primed the market for near-term pressure. That was evident in the stock's continued weakness.However, management's guidance came in even more downbeat. While we think they have a track record of conservative, arguably sandbagged guides, the message is clear. Near-term growth visibility has deteriorated...

RBLX: Back-to-back regulatory hits at the end of a short product cycle disrupt growth cadence

BACK

VIPS

POST

COST

COMP

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VIPS 4Q25 First Take: A warmer winter and a late Lunar New Year weighed on winter apparel sales. Management had already lowered guidance, but the actual print came in worse. Details below.1) Operating metrics turned softer: active buyers declined YoY, down by approx. 0.4 mn. With lower purchase frequency per user, order volume fell 5% YoY.A higher AOV, likely driven by product mix upgrades and SVIP contribution, barely kept GMV in positive territory. In short, all three metrics missed expectations.2) With GMV lagging, revenue fell 2.3% YoY, worse than the market’s post-cut expectation of sub-+1% growth. The company is no stranger to managing through revenue declines.Amid weak topline, tight cost control helped: total opex fell 3.7% YoY, a larger drop than revenue, with all expense lines down. As a result, profit still grew +1.7% YoY.Operating profit reached RMB 2.9 bn, beating market expectations.3) In summary, the quarter was soft, but protecting profitability is commendable. The late Lunar New Year also suggests better sales in 1Q26.Management guided next quarter revenue mid-point to +2.6% YoY, back to growth and slightly above consensus. Hence, the weak 4Q print should not be overly penalized.On shareholder returns, buybacks totaled approx. $700 mn over the past year, plus ~$250 mn in dividends, exceeding $950 mn in aggregate. That equals about 11% of current market cap.This provides solid support for the stock. The company also announced it will pay an annual dividend next year of approx. $305 mn, up 22% YoY. $Vipshops(VIPS.US)

Allstate

Imac

Vipshops

Guggenheim MSCI Global Timber

NextDecade

ON Semiconductor

Costain Group PLC

Costco Wholesale

Compass

Paymentus

ALLSTATE CORP DEP SHS REP 1/1000 NON CUM PER PRF SER H

ALLSTATE CORP 4.750% DEP SHS REP 1/1000TH PRP PFD SR I

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1216 | Dolphin Research Focus: 🐬 Macros/Industry. The U.S. Bureau of Labor Statistics will release on Tue a closely watched 'combined' Oct–Nov nonfarm payrolls report. Street expects -10k in Oct and +50k to +130k in Nov, with the unemployment rate rising to 4.4%–4.5%, while Gov. payrolls will be weighed by deferred exits under delayed separation plans across Oct–Nov.🐬 Single stocks. 1) $Alibaba(BABA.US) rolled out the Wanxiang 2.6 model suite...

Mirae Asset Global Investments Co., Ltd.

Bio-Techne

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KeyCorp

Construction Partner

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Gen Digital - Rights

XPeng wins Guangzhou L3 road test permit; BABA's Tongyi Wanxiang 2.6 adds role-play capability | Daily News Recap

Conference Minutes

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The following is the FY25Q3 earnings call minutes of $Shopify (SHOP.US) organized by Dolphin Research. For earnings interpretation, please refer to &#34;Shopify: Is Imperfection Unacceptable, the Original Sin of High Valuation?&#34; 1. Review of Core Financial Information 1. Third-quarter stock-based compensation expense was $116 million, and capital expenditure was $6 million. Free cash flow for the third quarter reached $507 million, accounting for 18% of total revenue. The free cash flow profit margin for the first nine months of this year remained the same as the same period last year, at 16%; this quarter's transaction and loan losses accounted for approximately 5% of revenue...

Destiny Tech100

Paypal

Klarna

Instacart（Maplebear）

Universal

General Motors

Microsoft

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Kurv Yield Premium Strategy Microsoft MSFT ETF

Optec International, Inc.

Milestone Pharmaceuticals

Shopify (Minutes): Optimistic about the enterprise market + AI development in e-commerce

HIGH

As the most watched hot target in the current e-commerce AI field—Shopify announced its Q3 2025 financial report on the evening of November 4th, before the U.S. stock market opened. Overall, the growth performance remains quite strong, with GMV growth accelerating sequentially on a high base. However, due to a narrowing gross margin and expenses returning to an expansion cycle, the year-on-year contraction in profit margin has widened, which is not considered favorable. Specifically: 1. Strong GMV growth, the source of all exceeding expectations: GMV within the Shopify ecosystem reached $9.2 billion this quarter, up 32% year-on-year, further accelerating on the already high base of the previous quarter, significantly outperforming expectations...

First Commonwealth Financial PA

C3.AI

Planet Labs

Simplify Enhanced Income ETF

Shopify: Imperfection is Unacceptable, the Original Sin of High Valuation?

Apple

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Apple (AAPL.O) released its financial results for the fourth quarter of fiscal year 2025 (ending September 2025) after the U.S. stock market closed on the morning of October 31, 2025, Beijing time. The key points are as follows: 1. Overall Performance: This quarter, Apple Inc. achieved revenue of $102.5 billion, an increase of 7.9% year-on-year, which is roughly in line with market expectations ($102 billion). The company's revenue growth this quarter was mainly driven by the growth in iPhone, Mac, and software services businesses. Apple's gross margin was 47.2%, an increase of 1 percentage point year-on-year, better than the market consensus expectation (46.6%)...

Apple Group

Alphabet - C

Alphabet

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Direxion Daily GOOGL Bull 2X Shares

Pros

Formfactor

Truecar

Apple: iPhone maintains its central position, when will AI reveal its true form?

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BYD ELECTRONIC

GEELY AUTO

Desktop Metal

Geely Auto

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Canaan

ServiceNow

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

BYD: Once the King of Competition, Now Being Outcompeted, Can the King of BYD Successfully Break the Deadlock?

Coca-Cola

COKE

COLA

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CAPE

CMCSA

COLAR

COLAU

The following are the minutes of Coca-Cola's FY25 Q3 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Bulk Happiness from 'Fat House Water'?&#34;

Coca Cola

Coca-Cola Bottling

Columbus Acquisition

Aterian

Doubleline Shiller Cape US Equities ETF

Comcast

Ameriprise Financial

COLUMBUS ACQUISITION CORP COM USD0.0001 30/09/2025 (SUB/RIGHTS)

Columbus Acquisition - Unit

Coca-Cola (Minutes): The bottling system restructuring strategy is nearing completion

Plus500 Enters US Prediction Markets Through Collaboration With Kalshi

Plus500 Faces Major Shareholder Opposition at AGM

Plus500 Reports 23% Increase in Core Profit for Q1

Plus500 has updated the market on its share buyback programme, repurchasing 8,062 ordinary shares at an average price of 4,438.59 pence. The company now has 69,661,044 shares in issue, with 45,227,333 held in treasury. This move is part of ongoing capital management to optimize the balance sheet and enhance earnings per share. Analysts rate PLUS stock as a Buy with a price target of £5100.00, citing strong financial quality and a supportive earnings outlook.

Plus500 Updates Market on Progress of Share Buyback Programme

Plus500 Ltd.(PLUS.UK)

Plus500 Updates Market on Progress of Share Buyback Programme

Plus500 Tightens Equity Base with Latest Share Buyback Tranche

SHOP: As AI e-comm agents ebb, is the payments leader swimming naked?

RBLX: Back-to-back regulatory hits at the end of a short product cycle disrupt growth cadence

Trade Futures Online: Regulated Access to Global Markets