Etsy Q2 2023 revenue up 7.5% to $628.9M, active buyers hit 91M all-time high

ETSY INC

2023-Q2 EPS reported $0.98 revenue$1,269,753,000

Consolidated GMS flat at $3.0B, down 0.6% YoY; Etsy marketplace GMS $2.6B down 0.7%.
Revenue $628.9M (+7.5% YoY); net income $61.9M (-$11.2M YoY), diluted EPS $0.45.
Non-GAAP Adj. EBITDA $166.2M (26.4% margin); take rate 20.9%.
Active buyers reached 91M (+3% YoY); acquired 6M new buyers, retention improving.
Board authorized new $1B stock repurchase program; Q2 repurchased $39M in shares.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ETSY INC reported quarter ended June 30, 2023 results: revenue $628.9 million, net income $61.9 million, EPS $0.45.

Period: quarter ended June 30, 2023
Revenue: $628.9 million
Net income: $61.9 million
EPS: $0.45
Result: reported results

Exact text from the filing

Consolidated revenue was $628.9 million, up 7.5% versus the second quarter of 2022, with a take rate (i.e., consolidated revenue divided by consolidated GMS) of 20.9%.

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Source: SEC EDGAR

accession 0001370637-23-000070

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