Etsy (ETSY) Q3 earnings 2023


An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Victor J. Blue/Bloomberg via Getty Images

Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts’ estimates for revenue, and forecast a decline in gross merchandise sales, or GMS.

Here’s how the company did:

  • Earnings per share: 64 cents vs. 51 cents expected by LSEG, formerly known as Refinitiv
  • Revenue: $636 million vs. $641 million expected by LSEG

Revenue rose 7% during the third quarter, up from the $595 million the company reported a year earlier. Etsy reported a net income of $87.9 million, or 64 cents per…

Source cnbc.com

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