— 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
Walt Disney Company (DIS) Q3 revenues, earnings beat Street view
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los
Take-Two Interactive Software (TTWO): A look at the headwinds and tailwinds ahead of this gaming company
Shares of Take-Two Interactive Software Inc. (NASDAQ: TTWO) were up over 2% on Wednesday. The stock has dropped 30% year-to-date but has gained 17% over the past three months. The
LYFT Stock: A look at the pros and cons of investing in Lyft
The pandemic came as a setback for Lyft, Inc. (NASDAQ: LYFT) as the ridesharing platform was going through a crucial phase when the travel restrictions were imposed. But the company