Etsy’s fourth quarter earnings surpassed analysts’ expectations.
The e-commerce company’s adjusted earnings came in at $1.11 a share, well above analysts’ expectations of 79 cents.
Revenue increased +16% from the year-ago quarter to $717.1 million, vs. analysts’ estimate of $684.5 million.
Gross merchandise sales per active seller rose +16% to reach an all-time high of $136. More than half of Etsy's 2020 active buyers, and 37% of 2020 new buyers returned to make a purchase in 2021.
Consolidated gross merchandise sales climbed +16.5% to a record $4.2 billion.
Active sellers on Etsy surged +72% to 7.5 million, while active buyers count increased +17.6% to reach 96.3 million.