How Etsy Beat Revenue Expectations in the Fourth Quarter
Last year, Etsy (NASDAQ: ETSY) announced a multi-year strategy to lay the foundation for long-term growth. On a basic level, this called for improving the experience for sellers with better marketing and investing in technology. Those efforts seem to be bearing fruit, as evident in the latest earnings results.
For the fourth quarter, revenue increased by 35% to $269.9 million, beating analysts' estimates of $264.9 million. Excluding the acquisition of Reverb, revenue grew 28% year over year. Net income declined 24% year over year, but earnings of $0.25 blew past analysts' estimates of $0.16.
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Source Fool.com
