Update: Etsy Shares Fall After Q4 Revenue Misses Expectations-March 2024-www.financetom.com

Update: Etsy Shares Fall After Q4 Revenue Misses Expectations

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Update: Etsy Shares Fall After Q4 Revenue Misses Expectations

Feb 19, 2025 9:17 AM

11:53 AM EST, 02/19/2025 (MT Newswires) -- (Updates with recent share movement in the headline and first paragraph.)

Etsy ( ETSY ) shares were down more than 10% in recent Wednesday trading after the company's Q4 revenue fell short of analyst expectations.

The company reported Q4 net income of $1.03 per diluted share, compared with $0.62 a year earlier.

Analysts surveyed by FactSet expected $0.93.

Revenue for the quarter ended Dec. 31 was $852.2 million, compared with $842.3 million a year earlier.

Analysts surveyed by FactSet expected $861.8 million.

The company said it expects Q1 gross merchandise sales growth to decline at a rate similar to the year-over-year performance reported for Q4 2024, which was down 6.8%. Analysts at FactSet expect Q1 GMS of $2.90 billion.

Price: 51.33, Change: -5.96, Percent Change: -10.40

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