Etsy Inc Stock Price, News & Analysis

Etsy, Inc. (Nasdaq: ETSY) announced its participation in two upcoming investor events. On June 2, 2022, company executives will attend the Loop Capital Markets 2022 Investor Conference in New York City. Additionally, Etsy will host a webcasted fireside chat at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 10:55 a.m. ET, with a live replay available on their Investor Relations website. Etsy connects millions of buyers and sellers through its online marketplaces and emphasizes a mission to 'Keep Commerce Human.'

Etsy (Nasdaq: ETSY) announced its participation in several upcoming investor events, including Needham's 17th Annual Technology and Media Conference on May 16, 2022, and the Jefferies Virtual Internet Summit on May 31, 2022. Both events will feature presentations by Etsy executives and will be available via webcast on Etsy's investor relations website. Additionally, executives will attend the Morgan Stanley's 7th Annual Sustainable Futures Conference on May 25, 2022, in New York City. Etsy continues to focus on connecting buyers and sellers globally while promoting its mission to 'Keep Commerce Human.'

Etsy, Inc. (NASDAQ: ETSY) reported its Q1 2022 results, showing consolidated Gross Merchandise Sales (GMS) of $3.3 billion, a 3.5% year-over-year increase. However, Etsy marketplace GMS fell by 2.0% year-over-year to $2.8 billion due to macroeconomic headwinds. Revenue rose by 5.2% to $579.3 million, yet net income declined by 40.1% to $86.1 million, primarily due to increased employee compensation costs. The company continues to invest in product and marketing to enhance buyer engagement, while facing uncertainty in consumer spending and geopolitical events.

Bakkt Holdings, Inc. (NYSE: BKKT) has appointed De’Ana Dow and Jill Simeone to its Board of Directors, expanding its board to ten members. Dow, partner and general counsel at Capitol Counsel, brings extensive expertise in financial markets and regulatory matters, having worked with the Commodity Futures Trading Commission. Simeone, Chief Legal Officer at Etsy (NASDAQ: ETSY), has significant experience in corporate governance and risk management. The addition is expected to enhance Bakkt's strategic initiatives and deepen the board's expertise in financial and retail sectors.

Etsy, Inc. (Nasdaq: ETSY) plans to release its first quarter financial results on May 4, 2022, after market close. The results will be accessible via the Etsy Investor Relations website. A video webcast conference call is scheduled for the same day at 5:00 p.m. ET, where participants can submit questions through a chat window. A replay will be available by 8:00 p.m. ET. Etsy connects millions of buyers and sellers globally, focusing on unique and creative goods through its primary marketplace, Etsy.com, and other platforms like Depop and Reverb.

Etsy, Inc. has announced leadership changes to enhance its executive team. Raina Moskowitz has been promoted to Chief Operating Officer, effective immediately, to oversee marketplace services and critical revenue functions. Kim Seymour will join as Chief Human Resources Officer on April 26, 2022, bringing over two decades of experience in organizational design. The changes aim to strengthen Etsy's growth opportunities and maintain its commitment to a human-centered commerce approach. CEO Josh Silverman expressed confidence in both leaders to drive success in their new roles.

Etsy, Inc. (Nasdaq: ETSY) announced its participation in several upcoming investor events. Executives will present at Canaccord's eCommerce Sustainable Advantage Virtual Forum on March 24, 2022, at 12:00 p.m. ET, with a live webcast available on Etsy's investor relations site. Additionally, Etsy will participate in the D.A. Davidson 5th Annual Consumer Growth Conference on March 10, 2022, and the Deutsche Bank's 30th Annual Media, Internet, and Telecom Conference on March 15, 2022. Etsy continues to connect creative buyers and sellers globally, maintaining its mission to 'Keep Commerce Human.'

Etsy, Inc. announced strong fourth quarter and full year 2021 financial results, showcasing record GMS of $4.2 billion, up 16.5% YoY. Revenue reached $717.1 million, a 16.2% increase, with net income of $161.6 million. The company acquired 10 million new buyers and saw significant growth in habitual buyers, up 26% YoY. Despite a decrease in paid channel GMS, non-U.S. GMS rose 20%. Etsy's transaction fee will increase from 5% to 6.5% in April 2022 to fund marketing and seller tools. The company projects Q1 2022 consolidated GMS between $3.2B and $3.4B.

Etsy, Inc. (Nasdaq: ETSY) will release its fourth quarter and year-end 2021 financial results on February 24, 2022, after market close. Investors can access the press release on the Investor Relations website.

A video webcast conference call will take place at 5:00 p.m. Eastern Time on the same day to discuss the results. A replay will be available at 8:00 p.m. Eastern Time and for three months thereafter.