Etsy's first-quarter results were disappointing: gross merchandise sales, or GMS, fell; its consolidated marketplace revenue was flat, with year-over-year growth of just 0.8%; and the company's net income was $63 million, compared with $74.5 million in the same quarter the year prior. Shares sank 15% the day after the report. E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 milli ...

It looks cheap, but growth has stalled for more than a year. In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down why it might be time to move on from Etsy (ETSY -0.19%) and offer up two stocks they think are better buys right now, Amazon (AMZN 0.58%) and Shopify (SHOP 1.25%). *Stock prices used were from the afternoon of May 15, 2024. The video was published on May 17, 2024. ...

Investor Relations Contact: Deb Wasser, Vice President, Investor Relations & ESG Engagement [email protected] Media Relations Contact: Sarah Marx, Director, Corporate Communications [email protected] In addition, company executives will participate in the 3rd Annual Evercore ISI Nothing But Net Internet Investors Summit on May 29, 2024 in New York City and the Stifel 2024 Cross Sector Insight Conference on June 5, 2024 in Boston. These conferences are not being webcasted. About Etsy Etsy, Inc. operates two- ...

It's easy to be overly pessimistic about Etsy, but there are reasons to be bullish.For many investors, an ideal outcome is to find a business that can turn relatively modest investments into a $1 million position one day. By focusing on high-quality businesses trading at compelling valuations, getting to that seven-figure number is a possibility over the long term.But could Etsy (ETSY -2.41%) be the kind of stock that could get you there? The e-commerce company's shares currently trade 79% below their all-t ...

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This struggling e-commerce marketplace still has some attractive characteristics.Investors have not been too pleased with Etsy (ETSY -0.32%) in recent years. After shares of the online marketplace for unique and handcrafted goods soared 380% in the five years leading up to their November 2021 peak, they have come crashing down, currently sitting 79% off that high.The e-commerce business just reported first-quarter 2024 results that disappointed investors, sending the stock even lower. At a forward price-to- ...

Etsy took a dive on its latest earnings report. Here's why the stock could be headed lower.Etsy (ETSY 4.15%) issued yet another disappointing earnings report on Wednesday. Investors have been hoping for a turnaround after several quarters of flat growth, but Etsy's first-quarter earnings report came up short.The company reported another quarter of declining gross merchandise sales (GMS), the total dollar value of goods sold on the platform, and its guidance did little to stoke any expectations of a recovery ...

The e-commerce stock delivered another disappointing earnings report.Shares of Etsy (ETSY -15.64%) were heading lower today after the online marketplace for handmade and vintage products posted another quarter of disappointing results, including flat revenue growth and a decline in profits.As a result, the stock was down 13.9% as of 1:14 p.m. ET. Etsy still needs helpEtsy was a pandemic success story, but since then the business has seen virtually no growth, even as we're no more than two years past the pea ...

Key TakeawaysShares of e-commerce company Etsy fell sharply Thursday after the company released disappointing quarterly earnings after the bell Wednesday.Etsy's financial performance was in line with analysts' estimates, but total sales on the platform decreased year-over-year.CEO Josh Silverman said Etsy is operating in a "challenging environment" as consumers opt for the least expensive option for many products. Shares of Etsy, Inc. (ETSY) plummeted in Thursday morning trading after the e-commerce retaile ...

Etsy, Inc. (ETSY) reported first-quarter 2024 earnings of 48 cents per share, missing the Zacks Consensus Estimate by 2.04%. The bottom-line figure reflects a year-over-year decrease of 9.4%.Revenues advanced 0.8% year over year to $645.95 million. The figure missed the Zacks Consensus Estimate by 0.4%.Top-line growth was driven by accelerating services revenues.Strong momentum across active sellers and reactivated buyers remained positive.Top Line in DetailMarketplace revenues were $466.98 million (72.3% o ...