Online marketplace Etsy beats revenue estimates on steady demand

Online marketplace Etsy beat Wall Street expectations ​for first-quarter revenue on Wednesday, ​supported by growth in gross merchandise sales as more ​active buyers joined the platform and shoppers spent more on each purchase.

Consumer spending has been under pressure amid persistent inflation concerns, partly triggered by strict ‌tariff policies. Yet, ⁠Etsy ⁠managed to draw customers by offering lower-priced goods, aided by the relatively low ​listing fees it charges sellers.