Etsy (NASDAQ: ETSY) reported Q2 EPS of $0.75, $0.36 better than the analyst estimate of $0.39. Revenue for the quarter rose 137% $428.74 million versus the consensus estimate of $329.95 million.

"Our extremely strong second quarter results, with consolidated GMS and revenue up 146% and 137% respectively, are a testament to the agility of our team, the strength of our brand, the innovation of our sellers, and the unique and special nature of inventory on our core Etsy marketplace," said Josh Silverman, Etsy, Inc. Chief Executive Officer. "Our mission to 'Keep Commerce Human\' matters now more than ever - and we are showing the world just how many purchase occasions our sellers can meet in a truly delightful way. Etsy marketplace GMS increased 125% in the quarter, as we are attracting new buyers and engaging our existing customers more than ever before. Our 'Right to Win' strategy provides a clear and enduring roadmap for product and marketing investments that make it easier to shop on Etsy, build top of mind awareness, and solidify buyer trust. Couple this with the strength of the Reverb marketplace, and we have a solid foundation for long-term growth and are well positioned to build on our momentum."

OUTLOOK:

Given the uncertainty of future macroeconomic conditions as a result of the ongoing COVID-19 pandemic, Etsy is not providing new guidance for 2020. Below is Etsy\'s guidance for the third quarter of 2020.

For earnings history and earnings-related data on Etsy (ETSY) click here.