Etsy (ETSY -1.06%) runs an online marketplace that focuses on quality products, including many that are handmade, as a way to differentiate itself from what you might find on many other sites, where the focus is often on low-priced goods. Etsy has experienced significant growth as it has carved out a niche for itself.But over the past two years, with consumers becoming more price-conscious and inflation putting pressure on household budgets, investors have grown concerned about Etsy. Since 2022, the stock i ...

Michael M. Santiago/Getty Images News Back in October, I upgraded Etsy (NASDAQ:ETSY) to “Buy,” nothing that while the stock had been pummeled this year, that the company had made progress increasing the number of active buyers on its platform, as well as gaining traction in international markets. With the stock up over 25% since then, let’s catch up on the name. Company Profile As a refresher, ETSY operates several online marketplaces that connect buyers with sellers. Its largest and best known is Etsy. ...

Sometimes you have to move on from a stock. Etsy (ETSY -0.57%) has unfortunately fallen into this category for me. Instead, I have my eyes on a much better option: Airbnb (ABNB 0.33%).So why am I moving on from Etsy to Airbnb? It all has to do with how each company has grown recently.Etsy's sales appear to have plateauedEtsy's growth story is a bit of a mixed bag. Two measures define how it is doing: Gross merchandise sales (GMS) and revenue. GMS tells investors how much product is sold on Etsy's platform, ...

While many consumer goods stocks rallied this year, one in particular sat on the sidelines. I'm talking about Etsy (ETSY 1.97%), an e-commerce company that offers artisans a platform where they can sell their creations. The stock is heading for a 27% loss in 2023 -- and that follows a decline of more than 45% last year.After watching Etsy's shares and earnings soar during the earlier stages of the pandemic, investors worried the company wouldn't keep up the momentum as consumers returned to in-person shoppi ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Etsy company logo is seen at its New York headquarters building on December 13, 2023. Conspiracy theorists who believe in a secret cabal of child sex traffickers have set their sights on yet another online retailer: Etsy, a website best known for selling handmade items. Social media users point to what they say are "suspic ...

Summary of Etsy, Inc. (NASDAQ:ETSY) Investor Conference Call Company Overview - **Company**: Etsy, Inc. - **Industry**: E-commerce, specifically focused on handmade and vintage items - **Participants**: Josh Silverman (CEO), Rachel Glaser (CFO), Matthew Cost (Morgan Stanley) Key Points Company Differentiation and Competitive Advantages - Etsy is a marketplace for handmade and vintage items, with over **6 million sellers** and **120 million items** available to **90 million active buyers** [6][19] - The company's mission is "Keeping Commerce Human," emphasizing personal connections between buyers and sellers [6][8] - Etsy's unique selling proposition includes trust, personalization, and a human touch, contrasting with commoditized e-commerce platforms like Amazon [6][8] Business Model and Revenue Generation - Etsy operates a two-sided marketplace with low barriers for sellers, charging **$0.20 per listing** and a **6.5% transaction fee** [10][11] - Additional revenue comes from optional services like onsite ads and shipping services [12] - The overall take rate is approximately **20.8%**, with plans to increase it through enhanced services like Etsy Ads [45][46] Financial Performance - Etsy reported nearly **$800 million in EBITDA**, with **90%** converting to free cash flow [16] - The company has maintained significant growth, being **2.5 times larger** than pre-pandemic levels, with a **CAGR of 24%** in Gross Merchandise Sales (GMS) since then [18][20] Market Challenges and Consumer Behavior - Post-pandemic, Etsy faces challenges as consumer spending shifts towards dining and travel, with inflation impacting discretionary spending [19][21] - Despite these challenges, Etsy has retained a large share of its pandemic gains, with **92 million active buyers** as of Q3, an all-time high [19][20] Marketing Strategy and Competition - Etsy's marketing strategy focuses on ROI-driven spending, utilizing a full-funnel approach that includes performance marketing, CRM, and TV advertising [34][39] - The company is not aggressively competing with low-cost competitors like TIMO and SHEIN, instead focusing on brand value and customer loyalty [29][30] - Etsy's brand awareness has improved, with a **10 percentage point gain** in the U.S. due to television advertising [39] Growth Opportunities - There is significant potential for growth, particularly in expanding the customer base, as only **one in three women** and **one in ten men** in the U.S. have shopped on Etsy in the past year [53] - The company aims to enhance the shopping experience through improved search capabilities and machine learning, potentially leveraging generative AI for personalized shopping [54] Conclusion - Etsy is well-positioned to capitalize on its unique market position and consumer preferences for personalized, handmade products, despite facing macroeconomic challenges and competition from larger e-commerce platforms [23][54]

Etsy Q3 2023 Financial Results November 1, 2023 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the fourth quarter of 2023 and underlying assumptions, including our long-term Adjusted EBITDA margin target and expectation of Adjusted EBITDA margin headwinds from subsidiaries; the pressure on the Etsy marketplace from external factors; our abi ...

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, 2023 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 ...

Etsy, Inc. (NASDAQ:ETSY) Goldman Sachs 2023 Communacopia & Technology Conference September 6, 2023 2:30 PM ET Company Participants Rachel Glaser - CFO Conference Call Participants Alexandra Steiger - Goldman Sachs Alexandra Steiger Great. So good morning, everyone. Thanks for joining us. My name is Alexandra Steiger, and I'm part of the U.S. Internet Research team at Goldman Sachs. We are very pleased to have Rachel Glaser, CFO of Etsy with us today. Good to see you, and welcome to our conference. Rachel G ...

Summary of Etsy, Inc. Conference Call Company Overview - **Company**: Etsy, Inc. (NASDAQ:ETSY) - **Participants**: - Josh Silverman - Chief Executive Officer - Rachel Glaser - Chief Financial Officer - Jason Helfstein - Oppenheimer Key Industry Insights - **E-commerce Environment**: The current e-commerce landscape is highly competitive with increased spending on travel, dining, and offline retail, alongside inflationary pressures [4][7][12] - **Market Performance**: Etsy's Gross Merchandise Sales (GMS) decreased by 1% in Q2, while competitors like Amazon and Wayfair showed mixed results [4][7] - **Growth Comparison**: Etsy has maintained a Compound Annual Growth Rate (CAGR) of 29% over the past four years, significantly outperforming competitors like Wayfair (8% CAGR) and eBay (-5% CAGR) [7][8] Core Company Performance - **Customer Retention**: Despite increased competition, Etsy has retained a significant portion of its customer base, with only 1 in 3 women and 1 in 10 men in the U.S. having shopped on Etsy in the last year [9][10] - **International Growth**: Strong growth trends are observed in international markets, particularly in the U.K., Germany, and France [10] - **Household Spending Trends**: Growth is noted in households earning over $100,000, while those under $100,000 are focusing on essentials due to economic pressures [11][12] Product and Marketing Strategy - **Home and Living Category**: Etsy's largest category, home furnishings, has significant growth potential, with only 3% of consumers associating Etsy with home shopping [15][16] - **AI and Search Improvements**: The company is enhancing its search capabilities using AI to improve user experience and conversion rates [17][31] - **Marketing Approach**: Etsy employs a mix of performance marketing and brand awareness strategies, with a focus on ROI-driven spending [24][40] Financial Guidance and Capital Allocation - **Guidance Philosophy**: Etsy provides guidance based on current trends and macroeconomic conditions, with a focus on maintaining a capital-light business model [19][21] - **Free Cash Flow**: The company converts approximately 90% of its EBITDA to free cash flow, allowing for flexibility in capital allocation [60] - **M&A Strategy**: Etsy has engaged in strategic acquisitions (e.g., Depop, Reverb) and continues to evaluate opportunities while also considering share buybacks [61][62] Future Outlook - **Market Awareness**: Etsy aims to increase consumer awareness of its broad product offerings beyond handmade items, emphasizing its unique value proposition [51][57] - **AI Utilization**: The company plans to leverage off-the-shelf AI tools to enhance productivity and improve customer experience [64] Additional Insights - **Consumer Behavior**: There is a noted shift in consumer purchasing habits, with many not realizing they could find desired items on Etsy [56] - **Trust and Quality**: Etsy is focused on improving trust through better delivery times and customer service, alongside enhancing product quality and pricing strategies [36][34] This summary encapsulates the key points discussed during the conference call, highlighting Etsy's performance, strategic initiatives, and market positioning.