Etsy misses fourth-quarter revenue estimates

Reuters

02/19

Feb 19 (Reuters) - Online marketplace Etsy ETSY.O missed Wall Street expectations for fourth-quarter revenue on Thursday, indicating cooling demand for personalized gifts and handcrafted goods amid ongoing economic uncertainty.

The company reported fourth-quarter revenue of $881.63 million, compared with analysts' average estimate of $884.90 million, according to data compiled by LSEG.

Shares of the company were up 16% in premarket trading, after it sold its Gen Z-focused fashion resale platform Depop to EBay EBAY.O for nearly $1.2 billion late on Wednesday.

(Reporting by Koyena Das in Bengaluru; Editing by Shilpi Majumdar)

((koyena.das@thomsonreuters.com))

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