— Etsy (NASDAQ: ETSY) reported its third-quarter 2019 earnings of $0.12 per share. This came in line with the analysts’ expectations of $0.12 per share.
— Total revenues jumped by 32% to $197.95 million versus $193.53 million expected. This is driven by growth in both Marketplace and Services revenue. Gross merchandise sales increased by 30% to $1.2 billion.
— Active buyers grew 21% year-over-year in the third quarter, and active sellers grew 27% year-over-year.
— The marketing expense, specifically the investment in the TV campaign, drove operating expenses higher by 36%.
— Looking ahead into the full year 2019, the company lifted its revenue outlook to the range of $809 million to $815 million from the previous range of $797 million to $809 million.
— Gross merchandise sales are now anticipated to rise 25% to 26% to the range of $4.9 billion to $5 billion for the full year 2019.
— Adjusted EBITDA margin forecast is narrowed to the range of $179 million to $187 million from the earlier range of $177 million to $193 million.
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
