Third-quarter revenue grew 11.7% from the year-ago period, boosted by Etsy’s transaction fee hike. The company announced last April it would raise the transaction fees it charges sellers to 6.5% from 5%, which spurred backlash from merchants, including a weeklong strike.
Investors have been closely watching e-commerce companies’ forecasts for the fourth quarter as a barometer for inflation-weary consumers’ willingness to spend during the holidays. The latest warning came from Amazon last week when it guided for fourth-quarter revenue growth of 2% to 8%, missing Wall Street’s expectations.
reaction for you.