Etsy Revenue Misses Estimates
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gross merchandise salesReuters
•Business
Business & Economics
Etsy misses holiday-quarter sales estimates, shares fall
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82% Informative
Etsy missed Wall Street estimates for holiday-quarter revenue and gross merchandise sales.
Sticky inflation and competition from other online shopping platforms such as Amazon.com and PDD Holdings' Temu have hurt Etsy 's revenue.
Company also forecast first-quarter GMS to decrease 6.8% from a year earlier .
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