Etsy Inc. is an online marketplace that specializes in handmade, vintage, and unique goods, connecting buyers and sellers from around the world. The platform allows artisans, crafters, and small business owners to showcase their products ranging from jewelry and clothing to home decor and craft supplies. In addition to fostering a vibrant community of creators, Etsy also emphasizes sustainability and the importance of supporting small-scale, independent businesses. With its user-friendly interface and focus on creativity, Etsy serves as a popular destination for customers seeking distinctive items that reflect personal style and taste. Read More
A number of stocks fell in the afternoon session after markets pulled back as hotter-than-expected wholesale inflation data was released, raising concerns about the future path of interest rates. The U.S. Labor Department reported that the Producer Price Index (PPI), which measures inflation at the wholesale level, jumped 3.3% year-over-year in July, significantly above economists' forecasts of 2.5%. This unexpected increase suggests that cost pressures are building for businesses, which could eventually be passed on to consumers. The hotter-than-expected data prompted investors to scale back bets on an imminent interest rate cut by the Federal Reserve. Higher interest rates can dampen economic activity and negatively affect the valuations of growth-oriented stocks, such as those in the internet sector, leading to a broad market retreat.
A number of stocks jumped in the morning session after markets continued to rally as the latest inflation data reinforced expectations for a Federal Reserve rate cut as soon as September. The latest Consumer Price Index (CPI) report for July showed inflation holding steady, reinforcing market expectations that the Federal Reserve could begin cutting interest rates as soon as September. Lower interest rates generally stimulate the economy by making borrowing cheaper for consumers and businesses. This can lead to increased consumer spending and e-commerce activity, which directly benefits online retail and marketplace companies. The positive economic outlook fueled a broad-based rally, pushing the S&P 500 and Nasdaq to new record highs and lifting most growth-oriented technology stocks.
Online marketplace Etsy (NASDAQ:ETSY) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 3.8% year on year to $672.7 million. Its non-GAAP profit of $0.69 per share was 36.8% below analysts’ consensus estimates.
Shares of online marketplace Etsy (NASDAQ:ETSY)
jumped 5.5% in the morning session after the company reported second-quarter financial results that showed revenue growth despite a drop in gross merchandise sales.
Etsy is in the middle of multiple initiatives to return to gross merchandise sales growth, starting with increasing the numbers of buyers and sellers on the platform.
Etsy reported second-quarter revenue of $672.66 million, beating analyst estimates of $646.53 million, according to Benzinga Pro. The company reported second-quarter earnings of 25 cents per share, missing analyst estimates of 49 cents per share.
Online marketplace Etsy (NASDAQ:ETSY) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 3.8% year on year to $672.7 million. Its GAAP profit of $0.25 per share was 49.3% below analysts’ consensus estimates.
Shares of online marketplace Etsy (NASDAQ:ETSY)
jumped 3.1% in the morning session after the stock hit a new 52-week high of $66.21, fueled by strong recent performance and positive analyst updates. The e-commerce platform's stock had already seen a significant climb, rising 48% over the past couple of months and gaining over 8% in the past week alone.
