Etsy (NASDAQ: ETSY) reported Q3 EPS of $0.70, $0.12 better than the analyst estimate of $0.58. Revenue for the quarter came in at $451.48 million versus the consensus estimate of $411.44 million. GMS excluding mask sales for the Etsy marketplace was $2.2 billion, up 93% year-over-year, and 11% of the Etsy marketplace's overall GMS was from mask sales.

"We delivered very strong results during the third quarter, with consolidated GMS and revenue growth up 119% and 128% respectively, evidence of our focused execution, engagement with our buyers and sellers, and our strong brand, underpinned by the unique inventory in our marketplace," said Josh Silverman, Etsy, Inc. Chief Executive Officer. "Consumer shopping habits have been greatly influenced by the events of 2020, and Etsy truly stands for something different. We\'ve been able to sustain growth by driving retention and frequency of our existing buyers as well as becoming an important shopping destination for new buyers. While early, our incremental investments in product and marketing - specifically focused on search and frequency - are driving improvements in the customer experience. We are proud of our momentum, built on the strength of our business model and with the support of our engaged and focused team."

GUIDANCE:

Etsy sees Q4 2020 revenue of $459-513 million, versus the consensus of $436.2 million.

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