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) 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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