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. reported impressive Q2 2020 results, with Gross Merchandise Sales (GMS) surging 146% to approximately $2.69 billion and revenue increasing 137% year-over-year to $428.7 million. Net income soared 429% to $96.4 million, resulting in a diluted earnings per share (EPS) of $0.75. The company saw significant growth in active buyers, up 41% to 60,274, and active sellers increased by 35% to 3,140. Despite the strong performance, Etsy provided cautious guidance for Q3 2020 amidst ongoing pandemic uncertainties, forecasting GMS growth between 80% to 110%.
Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in the Canaccord Genuity's Annual Growth Conference on August 12, 2020, at 11:30 a.m. ET. The company's executives will present a webcast, which will be available for live viewing and replay on Etsy's investor relations website at investors.etsy.com. Etsy connects millions of buyers and sellers globally through its online marketplaces, including its primary platform, Etsy.com, and Reverb, a marketplace for musical instruments.
Etsy, Inc. (Nasdaq: ETSY) is set to release its second quarter 2020 financial results on August 5, 2020, after the market closes. Investors can access the press release on the Etsy investor relations website. A video webcast conference call will occur the same day at 5:00 p.m. Eastern Time to discuss these results, with a replay available afterward for three months. Etsy aims to connect buyers and sellers through its online marketplaces, emphasizing creativity and community.