Etsy reports strong Q3 results. Revenue up 33% YoY
Vintage and craft marketplace Etsy has reported its third quarter results for 2016.
Revenues are up 33% year on year. Sales increased $677.2 million and thats’s up 19.1% compared with the third quarter of 2015. The Q3 numbers are so good that Etsy has raised its performance guidance for the full year. In particular Etsy’s non-US markets performed well.
Etsy CEO Chad Dickerson says: “Our third quarter results reflect the strength of our markets that connect people around the world and our seller services platform that is specifically focused on helping creative entrepreneurs start, scale and manage their businesses. Based on our year-to-date performance, which has been strong across all of our key metrics, we are raising our full year guidance. We’re excited about our progress this quarter and that we are laying more groundwork to deliver long-term results that will benefit our community, including our shareholders.”