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Etsy, Inc. - ETSY STOCK NEWS

Welcome to our dedicated page for Etsy news (Ticker: ETSY), a resource for investors and traders seeking the latest updates and insights on Etsy stock.

Etsy, Inc. (NASDAQ: ETSY) operates as a prominent global e-commerce marketplace that connects millions of creative buyers and sellers. Founded in 2005 and headquartered in Brooklyn, New York, Etsy has rapidly grown into a top-tier marketplace in the U.S., U.K., Germany, France, Australia, and Canada. The company specializes in unique, handmade, vintage items, and craft supplies, thereby catering to a niche market of buyers looking for distinctive goods that are not available in mainstream retail.

Etsy's core marketplace, Etsy.com, is its primary platform, where over 96 million buyers interact with 9 million sellers. The platform covers a broad range of categories, including jewelry, home decor, clothing, and art, generating a consolidated gross merchandise volume of $13.2 billion in 2023. Etsy also owns other marketplaces such as Reverb (musical instruments) and Depop (fashion resale), which contribute to its diversified revenue stream.

The company generates revenue through various streams such as listing fees, transaction fees, advertising services, payment processing, and shipping labels. In its latest financial results for Q4 2023, Etsy reported its highest-ever quarterly revenue of $842 million, driven by strong growth in Etsy Ads and payment services. Despite the challenging economic environment, Etsy showcased a 7.0% revenue growth and an adjusted EBITDA margin of 28.6% for the third quarter of 2023, highlighting its robust financial performance.

Recent achievements include the launch of Gift Mode™, an interactive hub aimed at enhancing the gifting experience through a blend of AI and human curation. This initiative is part of Etsy's broader strategy to increase buyer consideration and frequency of purchases. Additionally, Etsy's subsidiary Reverb has improved its user experience with advanced search filters and streamlined checkout processes, while Depop has made strides in performance marketing and product personalization.

Etsy's mission,

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Etsy announced its participation in several upcoming investor conferences. On May 21, 2024, Etsy will be at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston. On May 30, 2024, the company will attend the Bernstein TMT Forum in New York City. Additionally, Etsy executives will join the 3rd Annual Evercore ISI Nothing But Net Internet Investors Summit on May 29, 2024, and the Stifel Cross Sector Insight Conference on June 5, 2024. Etsy continues its mission to 'Keep Commerce Human' through its marketplaces, including Depop and Reverb, offering unique and creative goods globally.

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MyFitnessPal appoints Tim Holley as Chief Product Officer, bringing over 15 years of product experience to the leading global nutrition tracking app. Tim aims to drive sustained growth through innovative consumer experiences to help users achieve their nutrition and wellness goals. Having served as Vice President of Product for Etsy, Tim brings a deep understanding of the wellness customer and a track record of launching engaging features.

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Etsy, Inc. reported first-quarter 2024 results with consolidated GMS of $3.0 billion, down 3.7% year-over-year, and consolidated revenue of $646.0 million, up 0.8% year-over-year. Despite challenges in the consumer discretionary products environment, the company remains focused on enhancing customer experiences to drive marketplace growth. Key highlights include active buyers growth, revenue growth primarily from payments revenue, and a disciplined investment approach maintaining profitability. Etsy continues to innovate with initiatives like Gift Mode and improvements to search, aiming to strengthen buyer consideration and trust.

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Etsy, Inc. (Nasdaq: ETSY) will announce its first quarter 2024 financial results on May 1, 2024. The company operates online marketplaces connecting buyers and sellers globally. The results will be released after market close, followed by a video webcast conference call at 5:00 p.m. Eastern Time. Analysts can ask live questions, and a replay will be available on the Investor Relations website.
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Etsy, Inc. (ETSY) announces its participation in upcoming investor events, including the Morgan Stanley Technology, Media & Telecom Conference and Canaccord Genuity's Virtual eCommerce Sustainable Advantage Forum. Company executives will also attend the Deutsche Bank Media, Internet & Telecom Conference.
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Etsy, Inc. achieved its highest-ever quarterly revenue in Q4 2023, reaching $842.3 million, with record consolidated GMS of $13 billion for the year. The company announced plans to invest in growth initiatives, including the launch of Gift ModeTM. Despite challenges in the macroeconomic environment, Etsy saw positive trends in active buyers, international growth, and GMS per active buyer stabilization. Consolidated revenue grew by 4.3% year-over-year, driven by Etsy Ads and payments revenue. However, net income decreased by 24.0% due to restructuring costs, with non-GAAP Adjusted EBITDA reaching a record $235.5 million. Etsy ended the year with $1.2 billion in cash and cash equivalents, repurchasing $93 million of its common stock.
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Etsy, Inc. (ETSY) is set to release its fourth quarter and year end 2023 financial results on February 21, 2024. The company will host a video webcast conference call to discuss the results and provide an opportunity for research analysts to ask live questions. The press release and earnings call presentation will be accessible on the Etsy Investor Relations website.
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Etsy, Inc. appoints Marc Steinberg from Elliott Investment Management to its Board of Directors, effective February 5, 2024. Marc will also join the Board's Audit Committee, bringing valuable experience in technology, digital media, and e-commerce industries.
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Third Man Hardware partners with Donner to create the Triple Threat, a 3-in-1 analog multi-effects pedal designed for beginner guitar players. The pedal features a wide-range high gain distortion, a classic phaser, and an analog voiced echo, offering quality, versatility, and affordability. Jack White of Third Man Hardware collaborated with Donner to bring this product to market, aiming to provide an affordable option for beginning musicians.
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Etsy, Inc. (Nasdaq: ETSY) to participate in a fireside chat at the 49th Nasdaq Investor Conference on December 6, 2023. The live webcast and replay of the session will be available on the IR website at investors.etsy.com.
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FAQ

What does Etsy, Inc. do?

Etsy, Inc. operates as a global e-commerce marketplace that connects buyers and sellers of unique, handmade, and vintage items.

How does Etsy generate revenue?

Etsy generates revenue through listing fees, transaction fees, advertising services, payment processing, and shipping labels.

What are Etsy's primary marketplaces?

Etsy's primary marketplaces include Etsy.com, Reverb (musical instruments), and Depop (fashion resale).

What was Etsy's revenue for Q4 2023?

Etsy reported its highest-ever quarterly revenue of $842 million in Q4 2023.

What is Etsy's mission?

Etsy's mission is to 'Keep Commerce Human,' promoting a business model that supports small, creative entrepreneurs.

What recent initiatives has Etsy launched?

Etsy recently launched 'Gift Mode™,' an interactive hub aimed at enhancing the gifting experience through AI and human curation.

How many active buyers and sellers are on Etsy?

As of the end of 2023, Etsy connected more than 96 million buyers and 9 million sellers on its marketplaces.

What are some of Etsy's subsidiary marketplaces?

Etsy's subsidiary marketplaces include Reverb, which focuses on musical instruments, and Depop, which is a fashion resale platform.

How can I stay updated with Etsy's latest news?

You can stay updated with Etsy's latest news by visiting their Investor Relations website and the Etsy News Blog.

Where is Etsy headquartered?

Etsy is headquartered in Brooklyn, New York.

Etsy, Inc.

Nasdaq:ETSY

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7.07B
116.93M
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105.21%
13.13%
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