Etsy has exceeded Wall Street expectations for quarterly revenue, helped by a strong demand for bags and personalised gifts, sending its shares up 5% in extended trading.
The results indicate that the marketplace remains popular among cost-savvy shoppers, despite the looming threat of recession set to impact non-essential spending.
Net revenue rose to $807.2 million in the quarter from $717.1 million a year prior. Analysts on average had expected revenue of about $751.8 million, as per Refinitiv data.
