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 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Etsy (ETSY) reported $645.95 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $0.48 for the same period compares to $0.53 a year ago.The reported revenue represents a surprise of -0.35% over the Zacks Consensus Estimate of $648.22 million. With the consensus EPS estimate being $0.49, the EPS surprise was -2.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Etsy (ETSY) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.04%. A quarter ago, it was expected that this online crafts marketplace would post earnings of $0.78 per share when it actually produced earnings of $0.78, delivering no surprise.Over the last four quarters, the company ha ...

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 March 31, 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 re ...

Financial Performance - Consolidated GMS for Q1 2024 was $3.0 billion, down 3.7% year-over-year, with Etsy marketplace GMS at $2.6 billion, down 5.3% year-over-year[5] - Consolidated revenue increased to $646.0 million, up 0.8% compared to Q1 2023, with a take rate of 21.6%[5] - Consolidated net income was $63.0 million, down from $74.5 million year-over-year, resulting in a net income margin of approximately 9.8%[5] - Adjusted EBITDA for Q1 2024 was $167.9 million, with an Adjusted EBITDA margin of approximately 26.0%[5] - For the three months ended March 31, 2024, net income was $63,004,000, a decrease from $74,537,000 in the same period of 2023, representing a decline of approximately 15.5%[23] - Total revenue for the same period was $645,954,000, compared to $640,877,000 in 2023, indicating a slight increase of about 0.2%[23] - Adjusted EBITDA for the three months ended March 31, 2024, was not explicitly stated but is derived from net income adjusted for various expenses, including stock-based compensation and depreciation[26] - Adjusted EBITDA for Q1 2024 is $167,935,000, a decrease from $170,344,000 in Q1 2023[30] - Adjusted EBITDA margin for Q1 2024 is 26.0%, down from 26.6% in Q1 2023[30] - Net income for Q1 2024 is $63,004,000, compared to $74,537,000 in Q1 2023[30] Cash Flow and Assets - Cash and cash equivalents decreased to $788,837,000 as of March 31, 2024, down from $914,323,000 at the beginning of the period, reflecting a decrease of approximately 13.7%[24] - Total current assets amounted to $1,404,419,000 as of March 31, 2024, compared to $1,570,446,000 as of December 31, 2023, a decrease of about 10.6%[22] - The company reported a net cash provided by operating activities of $69,033,000 for the three months ended March 31, 2024, compared to $55,631,000 in 2023, an increase of about 24.0%[24] - The total stockholders' deficit increased to $(583,761,000) as of March 31, 2024, compared to $(543,715,000) at the end of 2023, indicating a worsening of approximately 7.4%[22] Marketing and User Engagement - Active buyers reached 91.6 million, a 1.9% increase year-over-year, while the number of habitual buyers decreased by 2.9% to 7 million[5] - The company continues to focus on disciplined investment in performance marketing channels to drive growth and improve seller advertising returns[10] - Marketing expenses for the three months ended March 31, 2024, were $91,811,000, a significant increase from $71,314,000 in the same period of 2023, reflecting a rise of approximately 28.8%[23] Product Development and Innovations - Etsy launched Gift Mode, an AI-driven gift shopping experience, with further product launches planned for Q2 2024[8] - Significant improvements were made to the search functionality, enhancing user engagement and context understanding[8] Stock and Liabilities - Etsy's stock repurchase program resulted in the repurchase of approximately $158 million worth of shares during Q1 2024[5] - Total liabilities were reported at $3,081,432,000 as of March 31, 2024, down from $3,229,115,000 at the end of 2023, indicating a reduction of approximately 4.6%[22] Future Outlook - Q2 2024 GMS is expected to decline similarly to Q1 2024, with potential for modest acceleration in the second half of the year[11] Other Financial Metrics - Currency-neutral Gross Merchandise Sales (GMS) declined by 4.1% for the quarter ended March 31, 2024, compared to a decline of 2.6% in the same quarter of 2023[25] - Stock-based compensation expense for Q1 2024 totals $70,683,000, an increase from $68,683,000 in Q1 2023[30] - Depreciation and amortization for Q1 2024 is $26,846,000, compared to $23,172,000 in Q1 2023[30] - Provision for income taxes in Q1 2024 is $16,651,000, significantly higher than $6,734,000 in Q1 2023[30] - Interest and other non-operating income for Q1 2024 is $(5,310,000), slightly improved from $(5,689,000) in Q1 2023[30] - Foreign exchange loss for Q1 2024 is $(6,255,000), compared to a gain of $2,618,000 in Q1 2023[30] - Acquisition and corporate structure-related expenses for Q1 2024 amount to $1,898,000, up from $289,000 in Q1 2023[30]

Wall Street analysts expect Etsy (ETSY) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year decline of 7.6%. Revenues are expected to be $648.32 million, up 1.2% from the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company annou ...

Etsy (ETSY) closed the most recent trading day at $67.20, moving +0.49% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.46% for the day. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.Prior to today's trading, shares of the online crafts marketplace had lost 1.65% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.01% and the S&P 500's loss of 3.04% in that time.The investment community wi ...

The market expects Etsy (ETSY) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1 ...