Etsy's 3 Underrated Growth Drivers in Q3 2021
Etsy (NASDAQ: ETSY), an online marketplace for vintage and handmade goods, reported another quarter of solid earnings last week. The value of merchandise sold on the platform and resulting revenue for the company both increased 18% year over year to $3.1 billion and $532 million, respectively, during the third quarter. This was in spite of lapping an exceptionally strong period last year when e-commerce boomed during the early stages of the pandemic -- including hundreds of millions of dollars of face masks sold by merchants on Etsy's platform. Excluding the face-mask sales last year, gross merchandise sales (GMS) increased 24%.
While Etsy will continue to lap its pandemic-era boom for a few more quarters, this is still very much a high-growth e-commerce story in the making. Here are three overlooked drivers of the company's continued success.
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Source Fool.com
