** Shares of online marketplace Etsy ETSY.O up 3% at $47.50 in premarket trading
** Q1 revenue of $651.2 mln tops estimates of $642.7 mln - LSEG
** Consolidated gross merchandise sales down 5.7% on a constant currency basis, marking sequential improvement from a 6.9% drop in Q4 despite fears of slowdown in discretionary spending amid tariff concerns
** Says Q1 core profit margin was stronger than expected as company worked to cut costs
** Co sets up operational task force to provide buyers and sellers with guidance to navigate evolving tariff landscape, including buying locally produced items
** YTD, stock down 12% as of last close
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
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