---
schema_version: "secwatch.filing_event.v1"
accession: "0001370637-23-000047"
form_type: "8-K"
ticker: "ETSY"
cik: "0001370637"
company_name: "ETSY INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:40:56.558697+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001370637-23-000047
- form_type: 8-K
- ticker: ETSY
- cik: 0001370637
- company_name: ETSY INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370637/000137063723000047/0001370637-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370637/000137063723000047/etsy-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-23-000047
- JSON: https://secwatch.observer/filing/0001370637-23-000047.json
- Plain text: https://secwatch.observer/filing/0001370637-23-000047.txt

## Key facts
- Earnings Releases
  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
  source text: Consolidated revenue was $640.9 million, up 10.6% versus the first quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370637/000137063723000047/0001370637-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.