Future Tech

Etsy tops quarterly revenue estimates on steady demand

Tan KW
Publish date: Thu, 23 Feb 2023, 08:39 AM
Tan KW
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Future Tech

Etsy Inc on Wednesday topped Wall Street expectations for quarterly revenue, benefiting from steady demand for products offered on its e-commerce platform such as home goods, clothes, jewelry and accessories.

Shares of the company rose about 6% in extended trading.

The company's net revenue rose to $807.2 million in the quarter from $717.1 million a year earlier. Analysts on average had expected revenue of about $751.8 million, as per Refinitiv IBES data.

 


  - Reuters

 

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