Etsy Could Be In for a Pleasant Holiday Surprise

Etsy Could Be In for a Pleasant Holiday Surprise



There is a fair chance toys and gifts will be stuck in container ships this holiday season. That’s bad news for nearly everyone—but not for Etsy .

The crafts-focused online marketplace brought in $3.1 billion in gross merchandise sales in the third quarter, a 17.9% increase compared with a year earlier, including some recent acquisitions, and coming in above Wall Street expectations. Net income was $89.9 million, also above expectations, even with the additional expenses Etsy incurred when it acquired Gen-Z-targeted used-clothing seller Depop for $1.6 billion and Brazilian marketplace Elo7 for $217 million. The two acquisitions closed during the third quarter.



Source link

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn
Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

Related Posts

Enter our vacation Giveaway to

Las Vegas!

Everyone wins a prize!