Online marketplace Etsy (NASDAQ:ETSY) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales were flat year on year at $651.2 million. Its non-GAAP profit of $0.83 per share was 18.3% below analysts’ consensus estimates.
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Etsy Inc. (NASDAQ: ETSY) shares are trading lower Thursday following Guggenheim's updated research note, which lowered the 12-month price target to $50 from $70, despite Etsy posting a modest beat on its first-quarter 2025 results.
Etsy Inc. (NASDAQ: ETSY) shares rose in premarket trading after Q1 FY25 revenue beat estimates at $651.18 million. Strong advertising and payments growth drove the gain, despite a 6.5% drop in gross merchandise sales.
However, the e-commerce player reported a net loss of $52.1 million during the quarter compared to a profit of $63 million in the same quarter a year ago, reflecting an impairment charge of $101.7 million to the goodwill of Reverb.
Online marketplace Etsy (NASDAQ:ETSY) announced better-than-expected revenue in Q1 CY2025, but sales were flat year on year at $651.2 million. Its GAAP loss of $0.49 per share was significantly below analysts’ consensus estimates.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at online marketplace stocks, starting with CarGurus (NASDAQ:CARG).
Generating cash is essential for any business, but not all cash-rich companies are great investments.
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Etsy trades at $43.06 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 13.3% while the S&P 500 is down 9.8%. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
