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Etsy reports 1 billion dollars in GMS for fourth quarter 2017

By Sara Ehlers

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Kicking off 2018 on the right foot, online marketplace Etsy seems to be growing more than ever. The global company, known for creative goods and apparel, just announced its financial results for its fourth quarter and full year ended December 31, 2017.

In 2017, the company resulted in a 23.6 percent growth in comparison to the previous year in the fourth quarter. GMS was also 1 billion dollars in the fourth quarter of 2017, increasing 17.8 percent from the 16.7 percent in the fourth quarter of 2016. Year-over-year aggregate conversion rate also increased in the fourth quarter, which was not present in the past two quarters. Mobile web proved to be the largest driver for overall visit growth and mobile GMS growth for the fourth quarter. Overall, percent international GMS was 33 percent in the fourth quarter of 2017, resulting in a 30 percent increase from the previous year.

"Etsy had a good fourth quarter and helped our sellers achieve a meaningful acceleration in sales growth during an important holiday season," Josh Silverman, chief executive officer of Etsy, Inc. said in a statement. "We created a more engaging experience for our buyers, and delivered our first-ever billion dollar quarter of GMS, reflecting strong growth across all of our core markets. We believe we're well positioned heading into 2018 and we're looking forward to a great year."

Etsy
etsy.com