Etsy Q3 revenue rises 11% YoY to $692.5M, beating estimates

Etsy reported Q3 revenue of $692.5M, up 11% year over year and above the $668M estimate, with net income of $853.5M after selling Depop. Gross merchandise sales rose 9% YoY to $2.65B.

• Revenue of $692.5M, up 11% YoY and above the $668M estimate
• Net income of $853.5M including the Depop sale
• GMS up 9% YoY to $2.65B