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. reports developments tied to its two-sided online marketplaces, including Etsy.com for unique and creative goods and Depop for fashion resale. Company news commonly addresses operating and financial results, gross merchandise sales trends, buyer and seller engagement, seller tools and services, and the product, marketing, technology, and customer support expertise shared across its marketplace portfolio.
Recurring updates also include shareholder letters, investor conference participation, governance and executive-team matters, capital-structure disclosures, and business portfolio changes such as the completed sale of Reverb.
Etsy, Inc. has appointed Marla Blow to its Board of Directors, effective November 30, 2021. This brings the Board's total to nine members. Marla currently serves as President and COO of the Skoll Foundation and has held significant positions at Mastercard and FS Card Inc. CEO Josh Silverman expressed enthusiasm about Marla's experience in payments and social impact, believing her skills will help Etsy in advancing its mission to support creative entrepreneurship. Marla emphasized the importance of economic inclusion and aims to strengthen Etsy's community-focused strategy.
Etsy, Inc. (Nasdaq: ETSY) will release its third quarter 2021 financial results on November 3, 2021, after market close. Investors can access the press release on the Etsy Investor Relations website. A video webcast to discuss the results will take place at 5:00 p.m. ET on the same day. Participants can submit questions during the call via the Q&A chat window. A replay will be available starting at 8:00 p.m. ET for three months. Etsy connects millions of buyers and sellers globally, focusing on unique and creative goods.
Etsy, Inc. (Nasdaq: ETSY) announced the appointment of Andy Ballard to its Board of Directors, effective September 30, 2021. Ballard, CEO of Wiser Solutions, brings nearly three decades of leadership experience in technology and finance. This change comes as Edith Cooper resigned from the board to focus on other commitments, effective September 14, 2021. CEO Josh Silverman expressed enthusiasm for Ballard's addition, highlighting his expertise and commitment to Etsy's community and values.
Etsy, Inc. (Nasdaq: ETSY) announced its participation in the Citi 2021 Global Technology Virtual Conference on September 14 at 1:50 p.m. ET. A live webcast and replay will be available on Etsy's investor relations website. This event underscores Etsy's commitment to connecting buyers and sellers in creative markets, maintaining its mission to 'Keep Commerce Human.' The company operates various platforms, including Etsy.com, Depop, Reverb, and Elo7, focusing on unique goods and enhancing seller experiences.
Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in two investor events scheduled for August 2021. The events include the Keybanc Technology Leadership Virtual Forum on August 9 at 11:20 a.m. ET and the Canaccord 41st Annual Growth Conference on August 11 at 11:00 a.m. ET. Live webcasts of these presentations will be available on Etsy's investor relations website. Etsy operates online marketplaces focused on connecting creative buyers and sellers globally, including brands like Depop and Reverb.
Etsy reported strong second-quarter results for 2021, with consolidated Gross Merchandise Sales (GMS) reaching $3.0 billion, a 13.1% year-over-year increase. Consolidated revenue was $528.9 million, up 23.4%, while net income rose to $98.3 million, marking a 1.9% increase. The company acquired 11.9 million new and reactivated buyers, with a notable growth in habitual buyers. However, the GMS growth from paid channels decreased by 200 basis points. Etsy's cash reserves stand at $2.5 billion as it continues to invest in acquisitions and marketing strategies.
Etsy, Inc. (Nasdaq: ETSY) will release its second quarter 2021 financial results on August 4, 2021, after market close. The results will be available on the Etsy investor relations website. Following the release, a live video webcast conference call will be held at 5:00 p.m. Eastern Time, allowing for Q&A participation. A replay will be available after 8:00 p.m. Eastern Time on the same day for three months. Etsy connects creative buyers and sellers globally, operating marketplaces like Etsy.com, Depop, Reverb, and Elo7.
Etsy, Inc. has completed its acquisition of Depop for approximately $1.625 billion, primarily in cash, enhancing its portfolio in the high-frequency apparel sector aimed at Gen Z consumers. This strategic move allows Etsy to tap into the fast-growing resale market. CEO Josh Silverman emphasized Depop's unique market position and engaged user base, indicating plans to drive further growth by leveraging Etsy's existing value creation strategies. Depop will continue to operate independently under its current leadership.
Etsy, Inc. (NASDAQ: ETSY) has completed the acquisition of Elo7, a leading Brazilian online marketplace for unique, handmade items. This strategic move enhances Etsy's presence in Brazil, one of the world's largest economies, and aligns with its mission to expand its 'House of Brands' portfolio. With similarities in enhancing search, connections, and ease of transactions, Elo7 will operate independently while benefiting from Etsy's resources. The acquisition reflects Etsy's focus on growth in the burgeoning Brazilian ecommerce sector.
Etsy, Inc. (NASDAQ: ETSY) announced a definitive agreement to acquire Elo7, a leading Brazilian marketplace for unique handmade items, for US$217 million. Elo7, ranking in the top 10 ecommerce sites in Brazil, connects about 1.9 million active buyers with 56,000 active sellers. The acquisition aims to strengthen Etsy's presence in the Latin American market, which is currently underpenetrated, with ecommerce projected to reach $29 billion by 2021. Following the acquisition, Elo7 will operate independently but leverage Etsy's resources to accelerate growth.