Etsy Posts Impressive 4Q17 Revenues
Etsy (ETSY) reported 4Q17 results on February 27, 2018. Revenue came in at $136.3 million, up 23.7% on a YoY (year-over-year) basis and $132.6 million above analyst estimates. Driven by strategic initiatives, management expects 2018 revenue to grow in the range of 21% to 23%, while GMS (gross merchandise sales) is expected to be up 14% to 16% on a YoY basis.