Why Etsy Soared 40.7% in November

Why Etsy Soared 40.7% in November

On one hand, revenue grew 11.7% year over year (YOY) to $594.5 million, with gross profit increasing by 10.9% YOY to $420 million. Despite the rise in the top line, gross merchandise sales (GMS) dipped by 3.3% YOY to $3 billion, while active sellers and buyers edged slightly downward YOY to 7,396 and 94,149, respectively.