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) announced the promotion of Rachana Kumar to Chief Technology Officer, effective January 1, 2023, after Mike Fisher's departure to focus on family. Kumar, who has been with Etsy for over eight years, previously served as Vice President of Engineering, playing key roles in product development and the establishment of Etsy's Mexico City office. CEO Josh Silverman praised Kumar's leadership and accomplishments, highlighting her efforts in driving growth from 20 million to over 88 million active buyers. Fisher will remain as an advisor until April 2023.
Etsy, Inc. (Nasdaq: ETSY) will announce its third quarter financial results on November 2, 2022, after market close. The results will be accessible via a press release on the company's Investor Relations website. A conference call to discuss the results will take place at 5:00 p.m. Eastern Time that day, with a replay available afterward. Etsy operates two-sided marketplaces, connecting buyers and sellers globally, including its primary marketplace, Etsy.com, and other platforms like Depop and Reverb.
Etsy, Inc. (Nasdaq: ETSY) announced participation in several upcoming investor conferences. Key events include the Evercore ISI 2nd Annual Technology Conference on September 7, 2022, and the Goldman Sachs Communacopia + Technology Conference on September 14, 2022. Additionally, Etsy executives will attend the Piper Sandler Growth Frontier Conference in Nashville, TN, on September 13 and 14, 2022. Webcasts of these presentations will be available on Etsy's investor relations website.
Etsy, Inc. (Nasdaq: ETSY) announced its participation in the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022, at 1:15 PM ET. The event will feature a webcasted fireside chat, accessible via the investors.etsy.com. Etsy operates marketplaces connecting creative buyers and sellers globally, with a commitment to "Keep Commerce Human" and empower communities.
Etsy reported its second quarter results for 2022, revealing a consolidated GMS of $3.0 billion, down 0.4% year-over-year but up 2.6% on a currency neutral basis. Revenue grew by 10.6% to $585.1 million, bolstered by a transaction fee increase. However, net income decreased by 25.6% to $73.1 million, largely due to rising employee costs following significant headcount growth. The company's cash assets stood at $1.1 billion, and it repurchased approximately $62 million in stock during the quarter. Looking ahead, Etsy expects third quarter GMS between $2.8B to $3.0B.
Etsy, Inc. (NASDAQ: ETSY) announced leadership changes effective September 12, 2022, naming Kruti Patel Goyal as CEO of its subsidiary Depop, following Maria Raga's resignation. Goyal, previously Chief Product Officer at Etsy, brings 11 years of marketplace experience. Nick Daniel has been promoted to Chief Product Officer at Etsy. CEO Josh Silverman emphasized the importance of nurturing talent and the growing potential of Depop, which now boasts over 26 million users globally.
Etsy, Inc. (Nasdaq: ETSY) is set to release its second quarter financial results on July 27, 2022, after market close. Interested parties can access the press release on the Etsy Investor Relations website. A video webcast conference call will follow at 5:00 p.m. ET to discuss the results, with a replay available later that evening. The company operates two-sided online marketplaces, including Etsy.com, Depop, Reverb, and Elo7, connecting millions of buyers and sellers globally. Etsy continues to focus on empowering communities through its business model.
Etsy has announced the launch of its new Purchase Protection program, effective August 1, 2022, designed to enhance buyer confidence by offering full refunds for qualifying purchases that do not meet expectations. The company will invest over $25 million annually to cover these refunds, ensuring sellers retain their earnings. This initiative aims to improve the shopping experience and foster trust in the Etsy marketplace. Etsy has stated that the program will not affect its Q2 2022 financial guidance.
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.'