Etsy (ETSY) reported $647.81 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 3%. EPS of $0.41 for the same period compares to $0.83 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $633.51 million, representing a surprise of +2.26%. The company delivered an EPS surprise of -10.87%, with the consensus EPS estimate being $0.46. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-36911 __________________________________ ETSY, INC. (Exact name of reg ...

Etsy, Inc. Reports Second Quarter 2024 Results Consolidated results came in at the high end or ahead of guidance for key performance metrics Brooklyn, NY - July 31, 2024 - Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced results for its second quarter ended June 30, 2024. "We are pleased that second quarter consolidated results included sequential acceleration of Etsy marketplace year ...

Consolidated results came in at the high end or ahead of guidance for key performance metrics % (Decline) % (Decline) Three Months Ended Six Months Ended Growth Growth June 30, June 30, 2024 2023 2024 2023 Y/Y Y/Y GMS (1) $ 2,949,254 $ 3,012,504 (2.1) % $ 5,935,754 $ 6,113,862 (2.9) % Revenue $ 647,806 $ 628,876 3.0 % $ 1,293,760 $ 1,269,753 1.9 % BROOKLYN, N.Y., July 31, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and crea ...

BROOKLYN, N.Y., July 31, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, announced today that Rachel Glaser, Etsy's Chief Financial Officer, has decided to retire after a nearly 40-year career in strategic finance roles, including over seven years in her current role. Etsy has retained an executive recruiting firm to assist in the search for her successor. Ms. Glaser is expected ...

2024, it will begin testing its first-ever loyalty program in September, a move designed to boost sluggish sales and draw in infrequent shoppers. Credit: AP Photo/Mark Lennihan, File The New York-based company said select buyers will receive an invitation for the program, which will offer free shipping across the U.S. and access to discounts. Etsy is launching the program—called Etsy Insider—with the aim of reversing a decline in its gross merchandise sales, a measure of the amount of goods sold over a cert ...

Analysts on Wall Street project that Etsy (ETSY) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing a decline of 44.6% year over year. Revenues are projected to reach $632.2 million, increasing 0.5% from the same quarter last year. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The consensus among analysts is t ...

The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $632.2 million, up 0.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP compares the Most Accu ...

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Introduction & Investment Thesis In Q1 FY24, Etsy generated $646M in revenue, which grew just 0.8% YoY, missing estimates, while Adjusted EBITDA declined 1.4% YoY to $167.9M with margins shrinking by 60 basis points to 26%. While overall GMS declined 3.7% YoY in the last quarter, the bright spot was that Etsy was able to reactivate its buyers on the platform, while Active Buyers also grew 1.9% YoY. At the same time, the company also saw its GMS from gifting grow in the low single digits after it launched it ...