Etsy Inc

ETSY

Equity

ISIN US29786A1060 / Valor 27396460

NASDAQ (2024-12-26)

USD 53.84-2.34%

Etsy Inc
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About company

Etsy Inc is an e-commerce platform that connects independent sellers with buyers looking for unique handmade and vintage items.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Etsy Inc. reported consolidated revenue of $662.4 million for the third quarter of 2024, marking a 4.1% increase compared to the same period in 2023. This growth was driven by both Marketplace and Services revenue, with Etsy Ads significantly contributing to the Services segment.

Net Income Decline

The company's consolidated net income for the third quarter of 2024 was $57.4 million, a decrease of $30.5 million year-over-year. The net income margin stood at approximately 8.7%, with diluted net income per share reported at $0.45.

Gross Merchandise Sales (GMS)

Etsy Inc.'s consolidated Gross Merchandise Sales (GMS) for the third quarter of 2024 were $2.9 billion, reflecting a 4.1% decline year-over-year. The Etsy marketplace GMS specifically was $2.5 billion, down 6.0% from the previous year.

Adjusted EBITDA

For the third quarter of 2024, Etsy Inc. reported a consolidated non-GAAP Adjusted EBITDA of $183.6 million, with a margin of approximately 27.7%. This performance was slightly ahead of the company's guidance, supported by revenue growth and cost efficiencies.

Stock Repurchase Program

Etsy Inc.'s Board of Directors approved a new stock repurchase program, authorizing the repurchase of up to an additional $1 billion of common stock. During the third quarter of 2024, Etsy repurchased approximately $156 million, or 2.7 million shares, of its common stock.

Summarized from source with an LLMView Source

Key figures

-34.8%1Y

-76.4%3Y

18.6%5Y

Performance

44.4%1Y

58.6%3Y

61.0%5Y

Volatility