Etsy Inc (NASDAQ:ETSY) shares rose US$4.71 or 22.78% to trade at US$25.71 after expectation-beating fourth quarter results.
It reported revenue of US$136.3mln, up from US$132.5mln Wall Street consensus forecast, and earnings per share amounted to 15 cents compared to expectations for 9 cents.
Gross merchandising sales hit the billion dollar per quarter marker for the first time in the company’s history.
"Etsy had a good fourth quarter and helped our sellers achieve a meaningful acceleration in sales growth during an important holiday season," said Josh Silverman, Etsy chief executive.
"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 stock gained US$4.91 or 23.3% changing hands at US$26 per share.