Etsy Reports Q3 Earnings Beat with Revenue Growth and Increased GMS per Buyer
Etsy (ETSY) outperformed third-quarter market expectations, reporting GAAP earnings per share of $1.00, which exceeded estimates by $0.26. The company's revenue rose 10.9% year-over-year to $692.47 million, surpassing analyst projections by approximately $24.36 million. Key operational metrics showed strength as Gross Merchandise Sales (GMS) per buyer increased by 3.9% on a trailing-twelve-month basis, showing sequential acceleration. Additionally, the company reported that active buyers have returned to year-over-year growth, signaling a recovery in user engagement and platform activity.
Tickers: $ETSY
Topics: active buyers earnings beat GMS growth revenue growth