Some analyst love boosted shares of the e-commerce kingpin on an otherwise dreary day on Wall Street. Read More...
Motley Fool
Investors Should Be Excited About Etsy’s 103 Million Users
Although Etsy (NASDAQ: ETSY) only increased gross merchandise sales and revenue 3.5% and 5.2%, respectively, in Q1 2022 compared to the prior-year period, the online marketplace for special and creative goods is still finding ways to attract more users onto its platform. The fact that Etsy continues to grow its user base, especially after the gains made during the depths of the pandemic, is a positive sign for shareholders. Throughout the pandemic, with people stuck at home and turning more to online shopping, it was common for Etsy to grow quarterly revenue in excess of 100%.
