Etsy Beats Q3 Estimates as Active Buyers Grow for First Time in Two Years
ETSY has more than doubled off its 52-week low of $44.
Summary
Etsy beat on both lines: EPS of $1.00 against a 76-cent consensus and revenue of $692.47M versus the $667.23M estimate, up 10.9% year over year. The bigger story is buyer growth — active buyers rose 1.0% to about 88 million on a trailing-12-month basis, the first year-over-year increase in two years, with roughly 540,000 added since Q2. GMS rose 8.8% to $2.6 billion and GMS per buyer climbed 3.9%, both accelerating sequentially, while personalization contributed about 2 percentage points to annualized GMS growth. Management guided Q4 GMS to $3.46-$3.52 billion, implying 5-7% growth, and sees fiscal 2026 GMS growth of almost 7%. The offset: CFO Lanny Baker leaves March 1, 2027, with a search underway for a New York-based successor, and management flagged modestly lower purchase frequency and currency headwinds. Shares were up 3.64% at $90.85, near the 52-week high of $94.49.
At the time of this announcement, ETSY was trading at $92.44 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $44.00 to $94.49. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.