Etsy's share price jumped 6% in after-hours trading after the crafts marketplace reported revenues of $200 million for the final quarter of 2018.

The company said revenues were up 47% compared with the same period in 2017. It added that the number of customers was up 18%, while sellers rose 9%.

Despite growing competition from Amazon, it is Etsy's strongest revenue growth since 2015. In 2017, it announced a series of job cuts as it reported suffered losses.

The strong revenue growth has been mirrored in its share price, which has trebled over the past 12 months. In total, the company said $4 billion worth of products was sold through Etsy in 2018, up 20% on 2017.

Despite growth in its revenues, profits actually fell 5% to $77.5m as the company increased its spend on marketing, free delivery and its search function.