Etsy Inc. is an online marketplace that specializes in handmade, vintage, and unique goods, connecting buyers and sellers from around the world
The platform allows artisans, crafters, and small business owners to showcase their products ranging from jewelry and clothing to home decor and craft supplies. In addition to fostering a vibrant community of creators, Etsy also emphasizes sustainability and the importance of supporting small-scale, independent businesses. With its user-friendly interface and focus on creativity, Etsy serves as a popular destination for customers seeking distinctive items that reflect personal style and taste.
Healthcare is the top-performing sector in the market, up 7.31% and outperforming the S&P 500 by 4.2x. Looks like the rumors of its death were indeed GREATLY EXAGGERATED.
Etsy reported mixed Q4 earnings with GMS and revenue falling below expectations, largely due to the ongoing challenges in consumer discretionary spending. Analysts note Etsy's shift to long-term growth initiatives, including personalization, app development, and a new marketing mix, will pay off in 2025.
Shares of online marketplace Etsy (NASDAQETSY)
fell 10.3% in the afternoon session after the company reported underwhelming fourth-quarter 2024 results, which revealed concerning weaknesses as its number of active buyers and revenue fell short of Wall Street's estimates. Specifically, its active buyers declined 2.6% while habitual buyers, those making frequent purchases, fell 9.5%. Its gross merchandise sales also dropped significantly. These factors reflect softer consumer spending and a competitive retail environment.
On the bright side, it was encouraging to see Etsy beat analysts' EPS and EBITDA expectations this quarter, but this was still a disappointing quarter.
Latin American e-commerce and fintech company MercadoLibre (NASDAQMELI) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Online marketplace Etsy (NASDAQETSY) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $852.2 million. Its GAAP profit of $1.03 per share was 9.7% above analysts’ consensus estimates.
