earnings
confidence high
sentiment neutral
materiality 0.75
Etsy Q2 2022: GMS flat at $3.0B, revenue up 10.6% to $585M, EPS $0.51
ETSY INC
2022-Q2 EPS reported
$1.11
revenue$1,164,401,000
- Consolidated GMS $3.0B (-0.4% YoY); Etsy marketplace GMS $2.6B (-6% YoY); ~6M new buyers added.
- Revenue $585.1M (+10.6% YoY); take rate 19.3% driven by April 2022 transaction fee increase.
- Net income $73.1M (-25.6% YoY); diluted EPS $0.51.
- Non-GAAP Adj EBITDA $162.7M, margin 28% (+200 bps YoY).
- Ended quarter with $1.1B cash; repurchased $62M of common stock.