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Why Etsy Stock Is Down After Reporting Robust Growth

·4 min read
Why Etsy Stock Is Down After Reporting Robust Growth
In this article:
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  • ETSY
  • EBAY
  • AMZN

Etsy (NASDAQ: ETSY) delivered another huge earnings report that showed revenue more than doubling year over year. While Etsy showed why it's an emerging juggernaut in e-commerce, investors may be starting to think about how much growth is already baked into the stock's valuation. Excluding face masks, gross merchandise sales (GMS) grew 93% year over year, the same rate as Q2.