Etsy shares rise 8.5% after beating third-quarter estimates and returning to buyer growth
Etsy reported third-quarter results above analyst expectations: adjusted earnings per share of $1.00 versus $0.76 expected and revenue of $692.47 million, up 10.9% year over year. Gross merchandise sales grew 8.8% to $2.6 billion and active buyers rose 1% to about 88 million, their first growth in two years. Shares gained 8.54% in premarket trading.
In 30 seconds
- Adjusted earnings per share of $1.00, above the $0.76 expected; revenue of $692.47 million, up 10.9% year over year
- Gross merchandise sales rose 8.8% to $2.6 billion, the sixth consecutive quarter of sequential improvement
- Active buyers grew 1% year over year to about 88 million, the first increase in two years
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.




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