Etsy reports Q3 EPS 63c, consensus 52c

Reports Q3 revenue $678.0M, consensus $657.14M. Etsy‘s (ETSY) Q3 consolidated results surpassed expectations across all three of our key financial metrics – and GMS for Etsy and Depop combined returned to year-over-year growth,” said Josh Silverman, Etsy CEO. “Etsy marketplace GMS improved sequentially, reflecting growing traction in our customer-centric priorities – from showing up where shoppers discover, to enhancing AI-powered matching, retaining and rewarding our most valuable customers, and further amplifying the human connection that makes Etsy so unique. Depop also continued to accelerate GMS growth, building its position as a leading player in the U.S. resale clothing business.”