Shopify (NYSE: SHOP) has struggled with profitability over the years, even as it has been growing at an explosive pace. But the future looks brighter for the business. Shopify has cut expenses, it has become leaner, and staying out of the red is no longer a stretch.

The company has also been expanding operations to serve a wider and more diverse group of customers. And by doing so, that could help the business become a better long-term investment and lead to greater consistency in its bottom line. The key to its long-term success may relate to its subscription services segment.

Shopify generates revenue from two segments: merchant services and subscription services.

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Source Fool.com