Etsy tops revenue estimates on demand for personalized products, higher fees
newscatcher
2023-05-04 01:37
Etsy tops revenue estimates on demand for personalized products, higher fees
Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platform as well as higher transaction fees, sending the company's shares up about 2% in extended trading. Etsy - a marketplace for sellers of vintage or handcrafted goods - has maintained its popularity among cost-conscious shoppers after a pandemic-driven surge in growth when people bought cloth masks and craft supplies from the comfort of their homes.

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