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Benzinga
Benzinga
Business
Akanksha Bakshi

Etsy Stock Plummets After Q1 Results, Dismal FY22 Outlook

Etsy Etsy Inc Nasdaq

Etsy Inc (NASDAQ:ETSY) reported first-quarter revenue growth of 5.2% year-over-year to $579.27 million, beating the consensus of $575.44 million.

Consolidated GMS was $3.3 billion, up 3.5% Y/Y, while Etsy marketplace GMS was $2.8 billion, down 2% Y/Y and up 177% compared to 1Q19.

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