Q1 2025 Earnings Conference Call Recaps: Shopify (SHOP)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Shopify’s (SHOP) Q1 2025 earnings call.
Shopify (SHOP) is a leading global commerce platform that allows businesses of all sizes to build, manage, and scale online and offline retail operations. Its ecosystem spans storefronts, payments, fulfillment, cross-border tools, and AI-powered automation. SHOP reported 27% revenue growth and 23% GMV growth in Q1, driven by strong demand across merchant sizes, categories, and regions. The company expanded Shopify Payments to 39 countries and launched cross-border compliance tools like TariffGuide.ai amid tariff uncertainty. AI is becoming foundational to SHOP’s operations, with usage embedded in both internal workflows and merchant tools like Sidekick. Enterprise adoption accelerated, with VF Corp, Kering Beaute, and Follett joining the platform, as legacy systems fail to meet the demand for speed, flexibility, and unified commerce. On mixed results, SHOP shares fell close to 10% in the pre-market on 5/8 but erased nearly all of those losses during the regular session…
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Bespoke’s Morning Lineup – 5/8/25
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“Wise and humane management of the patient is the best safeguard against infection.” – Florence Nightingale
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
US equity futures are up roughly 1% ahead of today’s open after President Trump announced that a trade deal between the US and UK would be announced shortly. Along with the tariff news, yesterday the market managed to not trade lower after Fed Chair Powell’s press conference as it normally does.
We’ve gotten a huge number of earnings reports this week as well, and the results have been largely positive. So far in May, we’ve seen a positive reversal in guidance trends. In April, we were seeing many more companies lowering guidance than raising guidance, but that has flipped this month. Of the nearly 800 companies that have reported month-to-date, 69 have raised guidance compared to just 45 that have lowered guidance. You don’t expect to see such positivity when there’s such an “extremely elevated level of uncertainty” as Fed Chair Powell described in his FOMC comments yesterday.
Based on where it’s trading in the pre-market, the S&P 500 ETF (SPY) is set to test last week’s highs when it opens this morning.
The Closer – Big Swings, Used Cars, Mortgages – 5/7/25
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we kick off with a recap of the FOMC statement in addition to the market’s swings in reaction to it and the latest tariff headlines (page 1). We also review the latest earnings reports and some auto and housing data (pages 2 and 3). After some stats on exiting corrections (page 4) we finish with an update on the latest data regarding petroleum stockpiles (Page 5).
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Q1 2025 Earnings Conference Call Recaps: Hims & Hers Health (HIMS)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Hims & Hers Health’s (HIMS) Q1 2025 earnings call.
Hims & Hers Health (HIMS) is a direct-to-consumer digital health platform focused on making personalized healthcare accessible, affordable, and stigma-free. The company offers telehealth consultations, prescription treatments, and wellness products across specialties such as mental health, dermatology, sexual health, weight loss, and now low testosterone, menopause, and longevity. HIMS posted subscriber growth of 38% YoY to 2.4 million and a 50% increase in monthly revenue per subscriber, driven by the adoption of premium and personalized products. Weight loss became one of its largest specialties within 18 months, supported by a new partnership with Novo Nordisk. Management announced plans to expand into low testosterone and menopause before year-end, while investing in lab diagnostics to support precision medicine. Marketing efficiency improved significantly, with marketing spend dropping to 39% of revenue, and early results in the UK point to meaningful global opportunity. On better-than-expected results, HIMS jumped 18% on 5/6…
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Q1 2025 Earnings Conference Call Recaps: Airbnb (ABNB)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Airbnb’s (ABNB) Q1 2025 earnings call.
Airbnb (ABNB) connects hosts and guests for stays and experiences with its range of options beyond traditional hotels. Founded on the idea of turning homes into hospitality assets, Airbnb now facilitates travel in more than 220 countries. Its marketplace gives deep insight into global travel behavior, urban vs. rural demand shifts, and consumer price sensitivity. ABNB reported solid results led by strength in international markets and steady demand among higher-income US travelers, though some softness emerged in longer lead times. Expansion markets like Brazil grew more than twice as fast as core markets, and first-time bookers rose over 30% in the region. The company rolled out global total price displays and is nudging hosts toward competitive pricing. It also previewed a broader platform vision launching May 13, including services beyond homes. AI-powered customer support reached 50% of US users, already cutting live agent volume by 15%, and the hotel business is positioned as a key growth lever in dense urban markets. On better-than-expected results, ABNB shares rose 1% on 5/2…
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Q1 2025 Earnings Conference Call Recaps: Palantir (PLTR)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Palantir’s (PLTR) Q1 2025 earnings call.
Palantir (PLTR) builds advanced software platforms (Foundry, Gotham, and AIP) that integrate artificial intelligence with complex data environments for government agencies, commercial enterprises, and defense operations. Its software powers mission-critical workflows, such as battlefield intelligence, healthcare automation, and supply chain optimization. The company delivered revenue growth of 39% YoY and US commercial growth of 71%. Demand for its AI Platform (AIP) continues to explode, with US commercial TCV hitting $810M, up 239%, and customer wins including Walgreens, AIG, and R1 RCM. AI agents are now embedded in core operations from insurance underwriting to sepsis detection. Defense momentum was equally strong: Maven adoption doubled, NATO signed on, and TITAN vehicles were delivered on time and on budget. CEO Alex Karp credited PLTR’s long-term investments and a cultural shift toward merit-based decision-making, citing the US government’s DOGE initiative as a tailwind. In-line EPS, stronger revenues, and raised guidance were not enough to move the stock higher as it fell 12.1% on 5/6…
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No Slowdown in “AI”
We’ve been counting the number of times that “AI” has been mentioned on the conference calls of mega-cap Tech names since ChatGPT was released in late 2022, and as shown below, there has yet to be a slowdown through Q1 2025.
Both Meta (META) and Alphabet (GOOGL) mentioned “AI” a record number of times on their Q1 earnings calls, while Amazon (AMZN) and Microsoft (MSFT) only mentioned it slightly less than the prior quarter. Apple (AAPL) mentions “AI” the least often of the mega-caps, but its 11 mentions on this quarter’s call was the highest since Q2 of last year.
NVIDIA (NVDA) was mentioning “AI” a lot on its calls well before ChatGPT’s release, and it still led all of the mega-caps in mentions in Q4 2024. NVDA is the last of the mega-caps to report later this month, so we’ll find out then if it mentions “AI” the most once again this quarter.
Google searches for “AI” absolutely skyrocketed in November 2022 when ChatGPT was first released, and as shown below, search interest continues to soar to new heights on a monthly basis. If you thought interest in “AI” would begin to wane by now, think again.
And compared to Google searches for a term like “tariffs,” which took off once President Trump took office in January, “AI” still dominates:
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Q1 2025 Earnings Conference Call Recaps: Apple (AAPL)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Apple’s (AAPL) Q2 2025 earnings call.
Apple (AAPL) is known for the iPhone, Mac, iPad, Apple Watch, and AirPods, and also operates a growing services ecosystem including the App Store, Apple Music, iCloud, and Apple TV+. The company serves a worldwide customer base spanning individuals, enterprises, and governments. Its tight vertical integration and in-house silicon (like the M-series and A-series chips) make it a bellwether for both consumer tech trends and supply chain evolution. AAPL posted $95.4B in revenue (+5% YoY) and EPS of $1.65 (+8% YoY), driven by record Services revenue ($26.6B, +12%) and steady iPhone growth ($46.8B, +2%). Apple detailed a $900M expected tariff hit in Q3 and emphasized supply chain shifts, including a majority of US iPhone sales now sourced from India. The company is ramping Apple Intelligence across devices, with generative AI integrated via on-device models and private cloud compute. Mac, iPad, and Services posted healthy gains, while wearables declined. Regional strength came from India and Brazil, but China saw only modest improvement. The stock declined 3.75% on 5/2 despite topping estimates…
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Q1 2025 Earnings Conference Call Recaps: Amazon (AMZN)
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Amazon’s (AMZN) Q1 2025 earnings call.
Amazon (AMZN) is a global technology and retail powerhouse that operates across e-commerce, cloud computing (AWS), digital advertising, consumer electronics, and AI. It serves hundreds of millions of consumers and businesses worldwide, offering everything from groceries and household essentials to custom AI chips and enterprise cloud solutions. AMZN delivered a strong Q1 with $155.7B in revenue (up 10% YoY). Standouts included AWS, which grew 17% to a $117B run rate, and advertising, which rose 19% to $13.9B. The company doubled down on AI, highlighting its Trainium2 chip, Amazon Bedrock platform, and new Nova models. Consumer demand remained resilient, with essentials driving 1 in 3 US units sold. The fulfillment network set new delivery speed records, while tariff-driven inventory pull-forwards impacted margins. Alexa+ and Kuiper marked long-term bets, and management struck an optimistic tone despite macro uncertainty. The stock traded down after hours on 5/1 following the company’s earnings release, which showed better-than-expected results, and rallied to end the next trading session flat…
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Bespoke’s Morning Lineup – 5/7/25
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“Inspiration is a guest that does not willingly visit the lazy.” – Pyotr Tchaikovsky
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
While European markets are trading lower, equity futures in the US are higher by about 50 basis points this morning on positive trade talks with China.
As shown below, this week’s declines have yet to do much technical damage, but we’ll likely need a positive close today for the S&P to remain above its 50-day moving average. Right now, price is sitting in between the 50-DMA (below) and the 200-DMA (above), and the next stop on the upside will be a re-taking of the 200-DMA.
Weakness in the final hours of the trading day on Fed Days has been a hallmark of Powell’s tenure as Fed Chair. That’s actually in contrast with what we’ve seen for markets recently. The S&P is currently flat since “Liberation Day” back on April 2nd, but as shown below, we’re only flat because of intraday strength. Since 4/2, the S&P (SPY) has averaged an opening gap lower of 0.27% each day followed by an average gain of 0.28% from the open to the close.
