Consolidated results came in at the high end or ahead of guidance for key performance metrics % (Decline) % (Decline) Three Months Ended Six Months Ended Growth Growth June 30, June 30, 2024 2023 2024 2023 Y/Y Y/Y GMS (1) $ 2,949,254 $ 3,012,504 (2.1) % $ 5,935,754 $ 6,113,862 (2.9) % Revenue $ 647,806 $ 628,876 3.0 % $ 1,293,760 $ 1,269,753 1.9 % BROOKLYN, N.Y., July 31, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and crea ...

BROOKLYN, N.Y., July 31, 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, announced today that Rachel Glaser, Etsy's Chief Financial Officer, has decided to retire after a nearly 40-year career in strategic finance roles, including over seven years in her current role. Etsy has retained an executive recruiting firm to assist in the search for her successor. Ms. Glaser is expected ...

2024, it will begin testing its first-ever loyalty program in September, a move designed to boost sluggish sales and draw in infrequent shoppers. Credit: AP Photo/Mark Lennihan, File The New York-based company said select buyers will receive an invitation for the program, which will offer free shipping across the U.S. and access to discounts. Etsy is launching the program—called Etsy Insider—with the aim of reversing a decline in its gross merchandise sales, a measure of the amount of goods sold over a cert ...

Analysts on Wall Street project that Etsy (ETSY) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing a decline of 44.6% year over year. Revenues are projected to reach $632.2 million, increasing 0.5% from the same quarter last year. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The consensus among analysts is t ...

The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $632.2 million, up 0.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP compares the Most Accu ...

About this content About the publisher We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. Proactive has always been a forward looking and enthusiastic technology adopter. 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, ...

Introduction & Investment Thesis In Q1 FY24, Etsy generated $646M in revenue, which grew just 0.8% YoY, missing estimates, while Adjusted EBITDA declined 1.4% YoY to $167.9M with margins shrinking by 60 basis points to 26%. While overall GMS declined 3.7% YoY in the last quarter, the bright spot was that Etsy was able to reactivate its buyers on the platform, while Active Buyers also grew 1.9% YoY. At the same time, the company also saw its GMS from gifting grow in the low single digits after it launched it ...

BROOKLYN, N.Y., July 17, 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, plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. The press release can be accessed on the Etsy Investor Relations website (investors.etsy.com). Etsy will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on ...

grinvalds E-commerce platform Etsy (NASDAQ:ETSY) could be a potential out-performance candidate in an environment of easing inflation and a speculative buy before the company releases its second fiscal quarter earnings on July 24, 2024. Etsy disappointed in the first-quarter with a weak gross merchandise sales number -- a key metric for e-Commerce companies that measures the amount of total revenues generated on an e-Commerce platform -- causing shares to drop. This has created a situation in which investor ...

NEW YORK, NEW YORK - DECEMBER 13: "We're leaning in more than ever to what makes Etsy, Etsy., said ... [+] CEO Josh Silverman. (Photo by Michael M. Santiago/Getty Images) Disappointing Performance Nonetheless, Esty Inc. ended 2023 by laying off 11% of its workforce, impacting some 225 employees. "While the Etsy marketplace is still more than double the size it was in 2019, we needed to acknowledge and adjust for today's realities," Silverman said in a statement. Course Correction While it aims to emphasize ...