secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001370637-23-000070
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063723000070/0001370637-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063723000070/etsy-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001370637-23-000070

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