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Etsy's Q2 revenue rose, but GMV and active buyers fell, leading to mixed stock reaction.
Etsy reported mixed Q2 results, with revenue up 3.8% to $672.7 million, beating expectations.
However, gross merchandise sales fell 4.8% to $2.8 billion, and active buyers dropped by 3.4%.
Despite a 49.3% miss on earnings per share, the company saw strong free cash flow and a 35.3% growth in Depop's GMS.
Etsy is focusing on improving user experience and retaining valuable customers.
Shares rose 4.5% post-report.
6 Articles
Los ingresos del Q2 de Etsy aumentaron, pero el GMV y los compradores activos cayeron, lo que llevó a una reacción mixta de las acciones.