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8-K filed May 3, 2023, 7:59 PM ET ticker ETSY CIK 0001370637

earnings confidence high sentiment neutral materiality 0.80

Etsy Q1 2023: GMS down 4.6% YoY, revenue up 10.6%, net income $74.5M

ETSY INC

2023-Q1 EPS reported $0.53 revenue$640,877,000

Consolidated GMS $3.1B (-4.6% YoY); Etsy marketplace GMS $2.7B (-4.7% YoY).
Revenue $640.9M (+10.6% YoY) driven by transaction fee hike from April 2022.
Net income $74.5M, down $11.6M YoY; diluted EPS $0.53.
Non-GAAP Adjusted EBITDA $170.3M, margin 26.6%.
Repurchased $148M of stock in Q1; cash and investments $1.1B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ETSY INC reported first quarter ended March 31, 2023 results: revenue $640.9 million, net income $74.5 million, EPS $0.53.

Period: first quarter ended March 31, 2023
Revenue: $640.9 million
Net income: $74.5 million
EPS: $0.53
Result: reported results

Exact text from the filing

Consolidated revenue was $640.9 million, up 10.6% versus the first quarter of 2022

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Source: SEC EDGAR

accession 0001370637-23-000047

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