Earnings

Etsy shares soar after fourth-quarter earnings beat

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Josh Silverman, CEO of Etsy.

Adam Jeffery | CNBC

Shares of Etsy climbed as much as 24% in extended trading Thursday after the company reported better-than-expected results for the fourth quarter. Shares had already climbed 10% during regular trading, as stocks staged a late-day rally after first plunging on news of Russia’s invasion of Ukraine.

Here’s how the company did:

  • Earnings: $1.11 vs. 79 cents expected, according to analysts surveyed by Refinitiv
  • Revenue: $717 million vs. $685 million expected.

Etsy said it had 96.3 million active buyers on the platform as of the fourth quarter, a touch higher than analysts’ projected 95.6 million.

Revenue growth slowed to 16% year over year during the…



Source cnbc.com

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