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 ...

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, ...

Consistent with the macro pressure we experienced in the U.S., Etsy marketplace GMS, excluding U.S. domestic, declined 1.5% from the prior year with particular weakness on a year-over-year basis in our top markets of the U.K. and Germany. We did see growth in Switzerland, Austria and the Netherlands. While our U.S. domestic GMS continues to decline on a year-over-year basis, we are seeing healthier performance in our U.S. import trade route with high percentage share of imports from sellers in the U.K., Can ...

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 endedMarch 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 reg ...

Etsy, Inc. Reports First Quarter 2024 Results Brooklyn, NY - May 1, 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 first quarter ended March 31, 2024. “Our first quarter performance, while in line with our guidance, was pressured by the challenging environment for consumer discretionary products, which continues to be a headwind to Etsy marketplace growth,” sa ...