Etsy Inc (ETSY)

[MiamiGent]

ETSY I bot some AH @ 102. Hope I want it :)

Etsy tops revenue estimates on demand for personalized products, higher fees
REUTERS 6:01 PM ET May-03-2023
By Granth Vanaik

https://stockcharts.com/h-sc/ui?s=ETSY

(Reuters) - Etsy Inc (ETSY.NaE) on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platform as well as higher transaction fees, sending the company's shares up about 2% in extended trading.

Etsy (ETSY.NaE) - a marketplace for sellers of vintage or handcrafted goods - has maintained its popularity among cost-conscious shoppers after a pandemic-driven surge in growth when people bought cloth masks and craft supplies from the comfort of their homes.

Marketplace revenue increased over 9%, primarily driven by the increase in transaction fee or the charge that a business has to pay every time it processes a customer's payment, from 5% to 6.5%.

Net revenues rose 10.6% to $640.9 million in the quarter ended March 31, compared with analysts estimate of $622.1 million, as per Refinitiv IBES data.