Etsy (ETSY) Profitable Due To One Time Benefit - Wedbush

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Etsy, Inc. Reports First Quarter 2016 Financial Results

May 3, 2016 4:09 PM EDT

BROOKLYN, N.Y., May 3, 2016 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, today announced financial results for its first quarter 2016, ended March 31, 2016.

"Our financial results in the first quarter were driven by our strong execution," said Chad Dickerson, Etsy, Inc. CEO and Chair. "We supported 1.6 million active sellers and 25.0 million active buyers, who together generated nearly $630 million in GMS. The second quarter is also off to an exciting start with the... More