Etsy's organic gross merchandise sales increased 1% in the third quarter, above our estimate for a 1% decrease. EBITDA margin was down 230 basis points to 25.4% on a 6% increase in marketing cost.
Additionally, the company announced that after eight years at the helm of the company, CEO Josh Silverman will step down effective December 31 and will be succeeded by Chief Growth Officer Kruti Patel ...
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