Etsy soars after posting holiday quarter results ahead of expectations

Etsy soars after posting holiday quarter results ahead of expectations

Paul Zimmerman/Getty Photos Entertainment Etsy (NASDAQ:ETSY) pops immediately after cruising earlier consensus marks with its


Paul Zimmerman/Getty Photos Entertainment

Etsy (NASDAQ:ETSY) pops immediately after cruising earlier consensus marks with its Q4 earnings report.

Consolidated gross items profits was up 16.5% to $4.2B against the hard pandemic equivalent, although Etsy marketplace GMS was up 11.8% to $2.8B.

GMS for every energetic buyer on a trailing 12-thirty day period foundation was up 16% Y/Y to $136.

The on-line retailer stated the Etsy marketplace obtained approximately 10M new consumers in the quarter to mark the maximum stage of new buyer acquisition considering that Q4 of 2020.

Wanting in advance, Etsy (ETSY) guided for Q1 profits of $565M to $590M vs. $630M consensus.

The 52-week buying and selling vary for Etsy (ETSY) is $109.38 to $307.75. Shares rose 9.92% in soon after-several hours buying and selling to $141.28 just after getting 10.00% for the duration of the regular session.



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