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  "documentTitle": "Shopify | Results Presentation Deck | 36 slides",
  "authorId": "shopify",
  "authorName": "Shopify",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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      "kind": "list",
      "text": "Sale of logistics businesses\nQ3 Revenue: Approx. 300 - 400 basis points headwind\nQ3 Gross margin: Approx. 300 - 400 basis points tailwind",
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      "kind": "list",
      "text": "Operating expense\nQ3/23 operating expenses to flat to up slightly vs our Q2/23 operating expenses, excluding one-time charges",
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      "kind": "list",
      "text": "Revenue\nQ3/23 revenue to grow at a low-twenties percentage rate year-over-year which is a mid-twenties growth rate when excluding the 300 - 400 bps impact of the sale of the logistics businesses",
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      "text": "Capital expenditures\nExpect to be approximately $45M for the full year 2023",
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      "text": "Stock-based compensation\nQ3/23 stock-based compensation to be approximately $110M",
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      "text": "Gross margin\nQ3/23 gross margin rate to be approximately 2 to 3 percentage points higher than Q2/23 gross margin of 49.3%",
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      "text": "Q3/23:\nIncremental investment into marketing (offline and POS)\nAnnual compensation increase\nDisciplined approach to investment with operating expenses to grow significantly slower than revenue",
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      "text": "Free cash flow\nExpect Q3/23 to achieve free cash flow profitability greater than the total first half of 2023",
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      "text": "Additional commentary\nrelated to Q3 2023",
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      "text": "Q3 2023 Outlook Considerations",
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