During its Q3 investor call, Etsy revealed some growing pains as it evolves into a rapidly growing, publicly traded company.
In its third-quarter earnings report, online craft marketplace Etsy said it had managed to meet expectations by bringing in revenues of $65.7 million, a growth of 23% year over year. The company, which went public earlier this year, also announced that it had grown its base of both active buyers and active sellers to 1.5 million and 22.6 million, respectively. Still, after trading hours, Etsy shares dropped 8% to an all-time low of $10.21 a share — a 63% drop from when the shares went public in April.
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