Etsy Stock Slips as Revenue, Gross Merchandise Sales Disappoint
1. Etsy's Q4 revenue record fell $10M short of estimates. 2. Gross merchandise sales declined nearly 7% year-over-year. 3. The company anticipates further GMS decline in Q1. 4. Active buyers decreased, reflecting weak consumer spending. 5. Etsy shares dropped about 10%, down 32% over 12 months.