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E-commerce firm Etsy Inc. (NASDAQ: ETSY) on Wednesday introduced monetary outcomes for the primary quarter, reporting larger revenues.
- First-quarter consolidated income was $640.9 million, up 10.6% from the prior-year quarter
- Web earnings declined 13.4% year-over-year to $74.5 million from 86.1 million a yr earlier
- Consolidated adjusted EBITDA was $170.3 million within the March quarter, up 7% year-over-year
- Etsy ended the primary quarter with $1.1 billion in money and money equivalents and short- and long-term investments
- The corporate repurchased an mixture of roughly $148 million, or 1,205,151 shares throughout the quarter
- Whole GMS declined 4.6% to $3.1 billion and dropped 2.6% on a currency-neutral foundation
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