earnings
confidence high
sentiment neutral
materiality 0.75
Etsy Q1 revenue up 5.2% to $579.3M; net income falls 40.1%, EPS $0.60
ETSY INC
2022-Q1 EPS reported
$0.60
revenue$579,266,000
- Consolidated GMS $3.3B (+3.5% YoY); Etsy marketplace GMS $2.8B (-2% YoY).
- Net income $86.1M, down 40.1% from Q1 2021; diluted EPS $0.60.
- Non-GAAP Adjusted EBITDA $159.2M, margin 27.5% (down 600 bps YoY).
- Etsy marketplace added ~7M new buyers; non-U.S. GMS was 45% of total.
- Repurchased $63M of common stock in Q1; ended quarter with $1.0B cash.