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) announced its participation in the Citi 2021 Global Technology Virtual Conference on September 14 at 1:50 p.m. ET. A live webcast and replay will be available on Etsy's investor relations website. This event underscores Etsy's commitment to connecting buyers and sellers in creative markets, maintaining its mission to 'Keep Commerce Human.' The company operates various platforms, including Etsy.com, Depop, Reverb, and Elo7, focusing on unique goods and enhancing seller experiences.
Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in two investor events scheduled for August 2021. The events include the Keybanc Technology Leadership Virtual Forum on August 9 at 11:20 a.m. ET and the Canaccord 41st Annual Growth Conference on August 11 at 11:00 a.m. ET. Live webcasts of these presentations will be available on Etsy's investor relations website. Etsy operates online marketplaces focused on connecting creative buyers and sellers globally, including brands like Depop and Reverb.
Etsy reported strong second-quarter results for 2021, with consolidated Gross Merchandise Sales (GMS) reaching $3.0 billion, a 13.1% year-over-year increase. Consolidated revenue was $528.9 million, up 23.4%, while net income rose to $98.3 million, marking a 1.9% increase. The company acquired 11.9 million new and reactivated buyers, with a notable growth in habitual buyers. However, the GMS growth from paid channels decreased by 200 basis points. Etsy's cash reserves stand at $2.5 billion as it continues to invest in acquisitions and marketing strategies.
Etsy, Inc. (Nasdaq: ETSY) will release its second quarter 2021 financial results on August 4, 2021, after market close. The results will be available on the Etsy investor relations website. Following the release, a live video webcast conference call will be held at 5:00 p.m. Eastern Time, allowing for Q&A participation. A replay will be available after 8:00 p.m. Eastern Time on the same day for three months. Etsy connects creative buyers and sellers globally, operating marketplaces like Etsy.com, Depop, Reverb, and Elo7.
Etsy, Inc. has completed its acquisition of Depop for approximately $1.625 billion, primarily in cash, enhancing its portfolio in the high-frequency apparel sector aimed at Gen Z consumers. This strategic move allows Etsy to tap into the fast-growing resale market. CEO Josh Silverman emphasized Depop's unique market position and engaged user base, indicating plans to drive further growth by leveraging Etsy's existing value creation strategies. Depop will continue to operate independently under its current leadership.
Etsy, Inc. (NASDAQ: ETSY) has completed the acquisition of Elo7, a leading Brazilian online marketplace for unique, handmade items. This strategic move enhances Etsy's presence in Brazil, one of the world's largest economies, and aligns with its mission to expand its 'House of Brands' portfolio. With similarities in enhancing search, connections, and ease of transactions, Elo7 will operate independently while benefiting from Etsy's resources. The acquisition reflects Etsy's focus on growth in the burgeoning Brazilian ecommerce sector.
Etsy, Inc. (NASDAQ: ETSY) announced a definitive agreement to acquire Elo7, a leading Brazilian marketplace for unique handmade items, for US$217 million. Elo7, ranking in the top 10 ecommerce sites in Brazil, connects about 1.9 million active buyers with 56,000 active sellers. The acquisition aims to strengthen Etsy's presence in the Latin American market, which is currently underpenetrated, with ecommerce projected to reach $29 billion by 2021. Following the acquisition, Elo7 will operate independently but leverage Etsy's resources to accelerate growth.
Etsy, Inc. (Nasdaq: ETSY) has priced $1.0 billion of 0.25% convertible senior notes due 2028 in a private placement, set to close on June 11, 2021. The notes will be unsecured obligations, accruing interest semiannually at 0.25%. With an initial conversion rate of 4.0518 shares per $1,000 principal, the conversion price is approximately $246.80, a 45% premium over the last closing stock price. The net proceeds of approximately $986.7 million will be used for share repurchases and general corporate purposes, including capped call transactions to reduce dilution.
Etsy will participate virtually in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 11:20 a.m. ET. The event will connect creative buyers and sellers through its online marketplace. A live webcast and replay will be available on Etsy's investor relations website.
Etsy, founded in 2005 and headquartered in Brooklyn, NY, aims to support commerce that empowers communities. For more details, visit investors.etsy.com.
Etsy, Inc. plans to offer $1.0 billion of convertible senior notes due 2028 through a private placement. The notes will be unsecured obligations, convertible into cash, shares, or a combination. Proceeds will fund stock repurchases, capped call transactions, and general corporate purposes. Etsy aims to repurchase up to $150 million in common stock concurrently with the offering. The offering may impact stock prices due to hedge activities by option counterparties, with potential risks if capped call transactions fail. None of the securities have been registered under the Securities Act.
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