secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001370637-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000011/0001370637-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000011/etsy-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001370637-24-000011

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