Etsy (NASDAQ: ETSY) shares soared 24% after-hours following the company’s strong Q4 results, with EPS coming in at $1.11, beating the consensus estimate of $0.78. Revenue grew 16.2% year-over-year to $717.1 million, above the consensus estimate of $684.66 million.

Consolidated GMS grew 16.5% year-over-year to a record $4.2 billion, driven by an early and strong kick-off to the holiday season in October and extended strength through December. Etsy marketplace GMS rose 11.8% to a record of $3.8 billion.

The company provided its Q1/22 outlook, expecting GMS in the range of $3.2-$3.4 billion, revenue in the range of $565-$590 million, with an adjusted EBITDA margin of around 26%.