When investors think of how they will eventually get their returns from a stock investment, they typically relate to the classic “Buy low, sell high” strategy. Another common way of looking at this is through dividend payouts, as the quarterly (sometimes monthly) income gives shareholders a sense of comfort and achievement. Etsy TodayETSYEtsy$53.41 +0.33 (+0.62%) 52-Week Range$47.10▼$89.58P/E Ratio27.25Price Target$64.87Add to WatchlistHowever, dividends are paid with company profits, which are taxed at th ...

Etsy (ETSY) shares jumped 7.19% to close at $51.44 on Thursday following the announcement of third-quarter 2024 results.Revenues advanced 4.1% year over year to $662.4 million. The figure beat the Zacks Consensus Estimate by 1.31%. Top-line growth was driven by accelerating Marketplace revenues.However, third-quarter 2024 earnings of 45 cents per share missed the Zacks Consensus Estimate by 16.67%. The bottom-line figure reflects a year-over-year decrease of 29.7%.Find the latest EPS estimates and surprises ...

Financial Data and Key Metrics - Consolidated GMS was $2.9 billion, down 4.1% YoY, with Etsy marketplace GMS down 6% YoY [6] - Revenue grew 4.1% YoY to $662 million, driven by take rate expansion [6] - Adjusted EBITDA margin was 27.7%, down 90 basis points YoY but ahead of guidance [26] - Active buyers remained solid at approximately 91 million, with a slight YoY decline [7][40] - GMS per active buyer decreased by 3.4% YoY to $123, primarily due to reduced visit frequency and lower spending per purchase day [41] Business Line Performance - Etsy marketplace GMS declined 6% YoY, but active buyer levels remained stable at 91 million [7] - Depop delivered strong GMS growth, accelerating sequentially, with U.S. listing growth up 26 percentage points since fee changes [22] - Reverb saw double-digit YoY growth in used music gear sales, particularly in the U.S., and partnered with Fender for certified pre-owned gear [23] - Etsy's focus on gifting resulted in site-wide GMS growth, with personalized and customized items outperforming overall site performance by 4% YoY [39] Market Performance - U.S. domestic-only trade routes and non-U.S. trade routes saw GMS declines, while international non-domestic trade routes and U.S. imports showed modest growth [34] - Back-to-school merchandise GMS in the U.S. grew 5% YoY [40] - Depop's U.S. marketing campaign reached over 70 million people, strengthening its position in the U.S. resale market [22] Strategy and Industry Competition - Etsy is focusing on improving customer experience through app and search enhancements, including a 33% reduction in "rearview mirror impressions" on the app [11][12] - The company is leveraging GenAI to diversify search results, reducing repetitive listings by 40% [13][14] - Etsy is prioritizing quality in search results, leading to an increase in four and five-star buyer reviews and a decrease in refund requests [15] - The company introduced physical Etsy gift cards in over 20,000 U.S. stores, aiming to capture a larger share of the gifting market [21] Management Commentary on Operating Environment and Future Outlook - Management acknowledged macro headwinds, including declining discretionary spending and mind-share events like elections and natural disasters [35][36] - Etsy is focusing on long-term customer experience improvements rather than short-term metrics like conversion rate and GMS [19] - The company expects Q4 consolidated GMS to decline in the low to mid-single digits YoY, with a take rate of 22.3% and adjusted EBITDA margin between 28% and 29% [49][50] Other Key Information - Etsy repurchased $156 million in stock during Q3, with $260 million remaining under its $1 billion repurchase program [45] - The company approved an additional $1 billion stock repurchase program, reflecting confidence in its growth plans [47] - Etsy generated $204 million in free cash flow during Q3, with a 90% conversion rate of adjusted EBITDA to free cash flow over the trailing 12 months [46] Q&A Session Summary Question: Leverage in product development and potential investment cycle [54] - Etsy prioritizes customer experience improvements that drive lifetime value and GMS growth, with a focus on foundational investments like the Q-score in search [55][56] - The company is hiring more app engineers and machine learning specialists to enhance the app experience and drive future growth [58] Question: Business performance quarter-to-date and physical gift card launch [61] - The holiday season is expected to be shorter and later than usual, with significant shopping activity in mid-to-late November and December [62] - Physical gift cards are expected to drive incremental GMS over time, with initial marketing efforts focused on building awareness [63] Question: Key initiatives to enhance consumer experience [68] - Etsy is most excited about improving consideration through on-site experiences, leveraging GenAI to inspire new shopping missions [69][70] Question: Right margin level and investment intensity [73] - Etsy is focused on growing market cap through a balance of profitability and growth, with potential for increased hiring if foundational investments show results [74][75] - Depop's strong performance, with GMS growth exceeding 30% YoY, validates Etsy's portfolio strategy [77] Question: Holiday season expectations for gift mode [80] - Gifting GMS grew faster than overall marketplace GMS in Q3, with significant product improvements and marketing efforts to drive awareness [80][81] Question: Etsy Insider and seller reaction [83] - Etsy Insider is in early beta, with limited uptake to test the economics and value propositions of the loyalty program [84] - Buyers and sellers both expressed a preference for free shipping without negatively impacting seller margins [85] Question: Q-score impact and mobile app changes [87] - The Q-score in search has remained conversion and GMS neutral, with modest headwinds from mobile app changes driving incremental downloads [88] - The opportunity cost of focusing on foundational improvements rather than short-term GMS gains is seen as a necessary trade-off for long-term growth [89] Question: Category performance and buyback strategy [91] - Etsy is seeing pockets of growth in value-driven categories like demi-fine jewelry, while lower-priced items face more pressure [94] - The company has the flexibility to increase share repurchases beyond current levels, supported by strong free cash flow and a $1.2 billion cash balance [92][93] Question: Incremental drivers of take rate [95] - Take rate gains in 2024 were driven by payments coverage, Etsy ads improvements, and seller onboarding fees, with sustainable opportunities for further growth [96][97]

Etsy (ETSY) reported $662.41 million in revenue for the quarter ended September 2024, representing a yearover-year increase of 4.1%. EPS of $0.45 for the same period compares to $0.64 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $653.83 million, representing a surprise of +1.31%. The company delivered an EPS surprise of -16.67%, with the consensus EPS estimate being $0.54. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Etsy (ETSY) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this online crafts marketplace would post earnings of $0.46 per share when it actually produced earnings of $0.41, delivering a surprise of -10.87%.Over the last four quarters, the ...

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 September 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 o ...

| --- | --- | --- | |-------|-------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Q3 2024 | | | | | | | | | | | | Financial Results | | | | | | | | | | | | | | | | October 30, 2024 | | | | | | | | | | Forward-looking Statements 2 This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include but are not limited to: statements relating to our financial guidance for the fourth quarter 2024 and full year 20 ...

Etsy, Inc. Reports Third Quarter 2024 Results Etsy's Board of Directors Approves a new $1B Stock Repurchase Program Brooklyn, NY - October 30, 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 third quarter ended September 30, 2024. "Our third quarter consolidated results came in roughly as anticipated, with some incremental pressure on Etsy marketplace year-over ...

Etsy's Board of Directors Approves a new $1B Stock Repurchase Program BROOKLYN, N.Y., Oct. 30, 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, today announced results for its third quarter ended September 30, 2024. "Our third quarter consolidated results came in roughly as anticipated, with some incremental pressure on Etsy marketplace yearover-year GMS, healthy growth in revenu ...

In its upcoming report, Etsy (ETSY) is predicted by Wall Street analysts to post quarterly earnings of $0.54 per share, reflecting a decline of 15.6% compared to the same period last year. Revenues are forecasted to be $654.43 million, representing a year-over-year increase of 2.9%. The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...