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. (ETSY) is a public company that operates two-sided online marketplaces connecting millions of passionate and creative buyers and sellers around the world. Its primary marketplace, Etsy.com, is described as a global destination for unique and creative goods, while Depop focuses on fashion resale. The company’s mission to "Keep Commerce Human" and its emphasis on human connection and creativity often feature prominently in its news and investor communications.
News about Etsy frequently centers on quarterly financial results, where the company reports gross merchandise sales (GMS), revenue, take rate, active buyers and sellers, and performance across its Etsy and Depop marketplaces. These updates often highlight product and marketing initiatives, such as improvements in search ranking models, AI-powered discovery, personalization in the Etsy app, and new tools for sellers.
Investors following ETSY news will also see corporate and governance developments, including leadership transitions, executive appointments, and updates to bylaws and board roles. Recent disclosures have covered a planned CEO transition, the appointment of an Executive Chair and a Lead Independent Director, and results from the company’s annual meeting of stockholders.
Etsy’s news flow additionally includes capital markets and listing updates, such as the transfer of its stock exchange listing from the Nasdaq Global Select Market to the New York Stock Exchange, share repurchase authorizations, and convertible note offerings. The company also regularly announces participation in investor conferences, where executives discuss strategy, marketplace performance, and investment priorities.
For readers tracking ETSY, this news page brings together earnings releases, governance announcements, capital allocation updates, and marketplace developments, offering a consolidated view of how Etsy and Depop are evolving over time.
Etsy, Inc. (Nasdaq: ETSY), the operator of online marketplaces connecting buyers and sellers worldwide, has announced its plans to release third quarter 2024 financial results after market close on Wednesday, October 30, 2024. The company will host a video webcast conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. The call will be live-streamed on Etsy's Investor Relations website, where the press release and earnings call presentation will also be available. Publishing analysts will have the opportunity to ask questions during the call. A replay of the webcast will be accessible through the same link for at least three months following the conference call, starting at 8:00 p.m. Eastern Time.
Osmium Partners, the second-largest shareholder of Articore (ASX:ATG), has issued a letter urging shareholders to vote for its four director nominees at the upcoming Annual Meeting on October 24, 2024. Osmium criticizes Articore's board for:
1. Persistent underperformance and share price decline
2. Multiple CEO changes and strategic misfires
3. Declining revenue for three years
4. Underperforming the ASX200 by ~100% since 2019
Osmium highlights its successful campaign with Leaf Group (NASDAQ: LEAF), which resulted in an acquisition at 1.4x EV/Sales. They argue that Articore's current 0.17x EV/Sales valuation is among the lowest for digital marketplaces, citing poor board decisions. Osmium plans to release a strategy to maximize shareholder value and urges votes for its nominees on Resolutions 4, 10, 11, and 12.
Etsy (Nasdaq: ETSY) has announced its participation in two upcoming investor conferences. The company will be present at Citi's 2024 Global TMT Conference in New York City on September 4, 2024, at 3:50 p.m. ET, and the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10, 2024, at 8:50 a.m. PT / 11:50 a.m. ET.
Etsy operates online marketplaces connecting creative buyers and sellers worldwide, including Etsy.com, Depop, and Reverb. The company's mission is to 'Keep Commerce Human' and empower people through business and technology. Founded in 2005 and headquartered in Brooklyn, New York, Etsy provides tools and services for sellers and offers unique, crafted items for buyers.
Etsy, Inc. (NASDAQ: ETSY) reported Q2 2024 results with consolidated GMS of $2.9 billion, down 2.1% year-over-year. Revenue increased 3.0% to $647.8 million, driven by Marketplace revenue growth. Net income was $53.0 million, down 14.4% year-over-year. Adjusted EBITDA rose 7.9% to $179.4 million, with a margin of 27.7%.
Key highlights include:
- Gifting GMS up 4.1% year-over-year
- Active buyers increased 1.0% to 91.5 million
- Take rate of 22.0%
- $150 million in share repurchases
Etsy is focusing on strategic growth areas like Gifting, Quality initiatives, and a new Loyalty Program. For Q3 2024, Etsy expects GMS to decline in the low single-digit range year-over-year, with an Adjusted EBITDA margin of ~27%.
Etsy (NASDAQ: ETSY) has announced the planned retirement of CFO Rachel Glaser after a nearly 40-year career, including over seven years at Etsy. The company has initiated a search for her successor, with Glaser remaining in her role until a replacement is appointed and staying on as an advisor through June 30, 2025. During her tenure, Etsy's consolidated gross merchandise sales (GMS) and revenue increased fourfold and sixfold, respectively, with adjusted EBITDA margins expanding even faster. The company generated over $3 billion in net cash from operating activities, while its global seller base grew from 2 million to 9 million and buyers increased from 33 million to 96 million between 2017 and 2023.
Etsy (Nasdaq: ETSY), the operator of online marketplaces connecting buyers and sellers globally, has announced it will release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. The company will host a video webcast conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. The call will be live-streamed on Etsy's Investor Relations website, where the press release and earnings call presentation will also be available. Analysts will have the opportunity to ask questions during the call. A replay of the webcast will be accessible for at least three months following the conference call.
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.
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.
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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