Shopify Inc's Q2 results show a 31% YoY increase in revenue to $1.69 billion, beating the consensus estimate of $1.62 billion. Adjusted quarterly earnings were 14 cents per share, surpassing analyst estimates of 6 cents per share. Gross merchandise volume increased 17% YoY to $55 billion. The company expects Q3 revenue to grow at a low-twenties percentage rate YoY, and free cash flow profitability in Q3 to be greater than the entire first half of 2023. Despite these positive results, Shopify shares were down 2.07% after hours.