— Etsy (NASDAQ: ETSY) reported its third-quarter 2019 earnings of $0.12 per share. This came in line with the analysts’ expectations of $0.12 per share.
— Total revenues jumped by 32% to $197.95 million versus $193.53 million expected. This is driven by growth in both Marketplace and Services revenue. Gross merchandise sales increased by 30% to $1.2 billion.
— Active buyers grew 21% year-over-year in the third quarter, and active sellers grew 27% year-over-year.
— The marketing expense, specifically the investment in the TV campaign, drove operating expenses higher by 36%.
— Looking ahead into the full year 2019, the company lifted its revenue outlook to the range of $809 million to $815 million from the previous range of $797 million to $809 million.
— Gross merchandise sales are now anticipated to rise 25% to 26% to the range of $4.9 billion to $5 billion for the full year 2019.
— Adjusted EBITDA margin forecast is narrowed to the range of $179 million to $187 million from the earlier range of $177 million to $193 million.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion