Etsy has posted a net income of $75 million in the last quarter, continuing its profitability streak, but is facing a decline in active buyers and a 6% drop in gross merchandise sales. With long-term debt nearing $3 billion and a concerning net promoter score of -7, the company’s financial health is under scrutiny. Although it has initiated a $750 million share repurchase plan to bolster investor confidence, challenges from increased competition and stagnant revenue growth raise questions about its sustainable future.
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