Feb 19 (Reuters) - Online marketplace Etsy missed Wall Street expectations for fourth-quarter revenue on Thursday, indicating cooling demand for personalized gifts and handcrafted goods amid ongoing economic uncertainty.
Shares of the company, however, jumped 18% in premarket trading, after it sold its Gen Z-focused fashion resale platform Depop to EBay for nearly $1.2 billion late on Wednesday.
Etsy reported fourth-quarter revenue of $881.63 million, compared with analysts' average estimate of $884.90 million, according to data compiled by LSEG.
The company also forecast gross merchandise sales — a key metric to measure sales — to be between $2.38 billion and $2.43 billion for the first quarter of fiscal 2026. It had reported GMS of $2.8 billion in the same period a year ago.
(Reporting by Koyena Das in Bengaluru; Editing by Shilpi Majumdar)
