Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Technology
BRIAN DEAGON

Etsy Fourth-Quarter Results Beat Revenue Estimates, Earnings Miss

Etsy reported fourth-quarter results late Wednesday that beat estimates on revenue but missed on earnings. Still, Etsy stock jumped.

The company reported adjusted earnings of 77 cents a share on revenue of $807.2 million. Analysts expected Etsy to report adjusted earnings of 80 cents a share on revenue of $755 million.

Etsy stock gained 6.2% to 136.45, during after-hours trading on the stock market today.

The company is a provider of an online e-commerce platform where creators of arts and crafts, vintage items and other unique goods go to sell their products.

The number of active buyers using Etsy edged down 1.3% to 95.1 million. Active sellers dipped 0.7% to 7,470.

"Despite significant macroeconomic headwinds, we maintained the vast majority of our pandemic gains and delivered double digit revenue growth and excellent profitability for the year," said Chief Executive Josh Silverman, in a statement with the Etsy stock earnings release.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.