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. (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.
Etsy, Inc. (Nasdaq: ETSY) has priced $1.0 billion of 0.25% convertible senior notes due 2028 in a private placement, set to close on June 11, 2021. The notes will be unsecured obligations, accruing interest semiannually at 0.25%. With an initial conversion rate of 4.0518 shares per $1,000 principal, the conversion price is approximately $246.80, a 45% premium over the last closing stock price. The net proceeds of approximately $986.7 million will be used for share repurchases and general corporate purposes, including capped call transactions to reduce dilution.
Etsy will participate virtually in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 11:20 a.m. ET. The event will connect creative buyers and sellers through its online marketplace. A live webcast and replay will be available on Etsy's investor relations website.
Etsy, founded in 2005 and headquartered in Brooklyn, NY, aims to support commerce that empowers communities. For more details, visit investors.etsy.com.
Etsy, Inc. plans to offer $1.0 billion of convertible senior notes due 2028 through a private placement. The notes will be unsecured obligations, convertible into cash, shares, or a combination. Proceeds will fund stock repurchases, capped call transactions, and general corporate purposes. Etsy aims to repurchase up to $150 million in common stock concurrently with the offering. The offering may impact stock prices due to hedge activities by option counterparties, with potential risks if capped call transactions fail. None of the securities have been registered under the Securities Act.
Etsy (NASDAQ: ETSY) has signed an agreement to acquire Depop for $1.625 billion, primarily in cash. The acquisition aims to enhance Etsy's market presence in the fast-growing resale sector, particularly among Gen Z consumers, who represent 90% of Depop's active user base. Depop's 2020 gross merchandise sales were approximately $650 million, with revenue reaching $70 million.
Following the anticipated closing in Q3 2021, Depop will operate independently while benefiting from Etsy's resources. The acquisition is expected to be accretive to Etsy's growth, though modestly dilutive to its adjusted EBITDA margin.
Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021, at 11:10 a.m. ET. A live webcast and replay will be available on Etsy's investor relations website. The company operates two-sided online marketplaces that connect millions of buyers and sellers globally, focusing on unique goods crafted by creative entrepreneurs. Etsy's mission is to enhance commerce by empowering communities. Founded in 2005, Etsy is headquartered in Brooklyn, New York.
Etsy, Inc. reported a remarkable first quarter for 2021, with consolidated Gross Merchandise Sales (GMS) reaching $3.1 billion, a 132.3% increase year-over-year. Revenue soared to $550.6 million, up 141.5%, with net income skyrocketing 1,048.1% to $143.8 million. Active buyers grew 89.9%, totaling 90,654. The company noted significant engagement from habitual buyers, up 205%. Despite the strong performance, Etsy declined to provide full-year guidance due to ongoing macroeconomic uncertainties.