Etsy Q4 2023 revenue record $842M, EBITDA record $236M; active buyers hit 92M

ETSY INC

2023-FY EPS reported $2.24 revenue$2,748,377,000

Q4 consolidated revenue $842.3M (+4.3% YoY); GMS $4.0B (-0.7% YoY).
Net income $83.3M (-24% YoY) due to $27M restructuring costs; EPS $0.62.
Adjusted EBITDA record $235.5M (28% margin); FY 2023 consolidated Adj. EBITDA $754M at 27.4% margin.
Active buyers all-time high 92M (+3% YoY); record nearly 10M lapsed buyers reactivated.
Q4 share repurchases ~$93M (1.35M shares); CFO notes shift to returning higher % of FCF.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ETSY INC reported fourth quarter and full year ended December 31, 2023 results: revenue $842.3 million, net income $83.3 million, EPS $0.62.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $842.3 million
Net income: $83.3 million
EPS: $0.62
Result: reported results

Exact text from the filing

over 7 million. ◦ GMS ex-U.S. domestic for the Etsy marketplace was 47% of overall GMS, with GMS ex-U.S. domestic up 4% year-over-year. • Consolidated revenue reached a record $842.3 million, up 4.3% versus the fourth quarter of 2022, with take rate (i.e., consolidated revenue divided by consolidated GMS) of 21%. Solid revenue growth was primarily driven by growth in

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Source: SEC EDGAR

accession 0001370637-24-000011

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