Etsy (ETSY) Tops Q1 EPS by 1c, Guidance Misses Consensus

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Etsy, Inc. Reports First Quarter 2022 Results

May 4, 2022 4:05 PM EDT

BROOKLYN, N.Y., May 4, 2022 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced results for its first quarter ended March 31, 2022.

First quarter 2022 performance highlights include:

Consolidated GMS was $3.3 billion, up 3.5% year-over-year; while Etsy marketplace GMS was $2.8 billion, down 2.0% year-over-year, and up 177% compared to the first quarter of 2019. In addition to comparing to very high growth in the prior year period, Etsy marketplace GMS... More