Etsy grew Gross Merchandise Sales (GMS) 21.7% in the third quarter year-over-year to $568.8 million driven by growth in active buyers and sellers. The company reported a net loss of $6.9 million compared with a $6.3 million net loss in Read more
A coalition of labor groups and advocacy organizations is calling on Etsy to scrap its tax strategy through which it channels revenue through its subsidiary in Dublin, Ireland. Americans for Tax Fairness (ATF) is contesting Etsy’s status as a so-called Read more
Etsy is doing a better job monetizing its marketplace, seeing greater gains than sellers in the second quarter: while Gross Merchandise Sales (the value of goods sellers sold on the site) grew 25%, Etsy grew its own revenue by 44%. Read more
Now that Etsy is a publicly traded company, it must file quarterly earnings reports with the SEC. On Tuesday, the company revealed Gross Merchandise Sales were $531.9 million, up 28.2% compared with the first quarter of 2014. The growth was Read more
Etsy CEO Chad Dickerson will ring the opening bell at NASDAQ with his Chief Financial Officer Kristina Salen on Thursday morning in advance of the company going public. Etsy will begin trading on the Nasdaq Global Select Market on April Read more
Etsy revealed financial information in its SEC filing on Wednesday when it filed to go public (see related story in today’s newsletter). And while Etsy grew revenue in the past three years, it is not profitable. Total revenue was $74.6 million in Read more
