NEW YORK (TheStreet) -- Etsy(ETSY) - Get Report stock is declining by 7.52% to $10.20 in after-hours trading on Tuesday, after the company announced its third quarter 2015 earnings results after the market close today.

The company, which operates marketplaces for homemade items, reported a loss of 6 cents per share for the most recent quarter, up from a loss of 15 cents per share for the year ago period. 

Revenue increased by 37.9% year over year, to $65.7 million from $47.6 million in the 2014 third quarter.

Etsy had been forecast to post a loss of 6 cents per share on revenue of $66.2 million by analysts surveyed by Thomson Reuters. 

"During the third quarter the growth in the Etsy Economy continued, and we generated more than $1.6 billion in GMS year-to-date and supported more than 1.5 million active sellers and 22.6 million active buyers," CEO Chad Dickerson said in a statement.

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