secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001370637-23-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063723000047/0001370637-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063723000047/etsy-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001370637-23-000047

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