Etsy: Abysmal Holiday Sales Signal Need For Improved Customer Acquisition

Summary of Key Points Core Viewpoint - Etsy reported Q4 earnings with a GAAP EPS of $1.03, exceeding expectations by $0.09, but sales fell short at $852 million, which is a 1.2% year-over-year increase yet approximately $9.2 million below expectations [1] Financial Performance - GAAP EPS: $1.03, beating expectations by $0.09 [1] - Sales: $852 million, up 1.2% year-over-year but $9.2 million below expectations [1] - Overall gross merchandise sales (GMS): $3.7 billion, down 6.8% year-over-year [1] - Etsy-specific GMS: experienced a decline [1]