For the first quarter Etsy’s gross merchandising sales (GMS) were up 19.8 per cent compared with the first quarter of 2017. The growth was primarily driven by a jump of 9.4 per cent year-over-year in active sellers and a 16.9 per cent year-over-year growth in active buyers.

Etsy is a craft-focused e-commerce platform. Total revenue was up 24.8 per cent year-over-year. The growth was driven by both marketplace and Seller Services revenue, where Marketplace revenue grew 24.7 per cent year-over-year and Services revenue grew 35 per cent year-over-year.

International GMS was up at 35 per cent in the first quarter of 2018, from 32 per cent in the first quarter of 2017 and 33 per cent in the fourth quarter of 2017.

As an organization, Etys exercises a disciplined approach to resource investment, focusing its efforts on initiatives that it believes have the highest probability to create long-term growth while continuously striving for operational efficiencies.

In the first quarter of 2018, the company specifically invested resources in foundational work, which addressed three primary areas: technical debt, operational efficiency, and infrastructure imperatives.

Etsy now expects revenue to be in the range of 22 per cent to 24 per cent. GMS is expected to rise in the range of 16 per cent to 18 per cent, up from 14 per cent to 16 per cent.