Etsy stock tumbles on revenue miss as company reports drop in number of goods sold

Etsy misses Wall Street’s revenue estimate as marketplace sales dip

Etsy’s stock was down 7% in premarket action after it came up short of revenue expectations while beating its profit mark.

Etsy stock tumbles on revenue miss as company reports drop in number of goods sold

Etsy, which is known for selling artisan and handcrafted goods, is facing heightened competition from Chinese online retailers Temu, Shein and TikTok Shop.

Etsy Q4 Earnings: Sales Miss, Pressured Consumer Spending, Active Buyers Dip And More

Shares of e-commerce company Etsy Inc (NASDAQ:ETSY) are trading lower after the fourth-quarter FY24 earnings result. The company reported fourth-quarter sales growth of 1.2% year-on-year to $852.2 million, missing the analyst consensus estimate of $862.82 million. Consolidated GMS declined 6.8% to…