secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001370637-22-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Etsy Q1 revenue up 5.2% to $579.3M; net income falls 40.1%, EPS $0.60
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063722000047/0001370637-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063722000047/etsy-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001370637-22-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer