BUZZ - Etsy's third-quarter revenue beats expectations, stock surges; Chief Financial Officer resigns

October 28 - ** Online marketplace Etsy ETSY.N shares rose 8% in premarket trading, to $95.39

** Third-quarter net revenue was $692.5 million, higher than analysts’ expectations of $668.2 million — data compiled by LSEG

** Third-quarter adjusted EBITDA was $210.3 million, above expectations of $195.6 million

** “Given that recent growth has mainly relied on price increases and the same-store sales comparison base will continue to rise, we remain cautious about sustainability through 2027” — Jefferies research report

** The company also stated that CFO Lanny Baker will leave on March 1, 2027 to pursue opportunities outside Etsy

** As of the last trading session close, the stock has gained 58% year to date

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