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Etsy, under pressure, beats estimates with more shopping
Black-and-White Capital LP urged the Brooklyn-based company to rein in costs and shake up management
Etsy's revenue in the quarter was US$106.4 million, beating the average analyst estimate of US$104.9 million.
PHOTO: BLOOMBERG
New York
ETSY Inc kept its word to investors and eked out a small boost in its growth rate by luring more shoppers and getting them to spend more on its site for unique, small-batch goods.
Gross merchandise sales, the total value of goods that pass through Etsy's platforms, grew 13
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