earnings
confidence high
sentiment negative
materiality 0.75
Etsy Q1 GMS falls 3.7% YoY; net income down to $63M as consumer discretionary weakness persists
ETSY INC
2024-Q1 EPS reported
$0.48
revenue$645,954,000
- Consolidated GMS $3.0B, down 3.7% YoY; Etsy marketplace GMS $2.6B, down 5.3% YoY.
- Consolidated revenue $646M (+0.8% YoY); net income $63M ($0.48 diluted EPS), down $11.5M YoY.
- Non-GAAP Adjusted EBITDA $167.9M, margin 26.0%; active buyers 91.6M (+1.9% YoY).
- Habitual buyers 7M (-2.9% YoY); GMS per active buyer TTM $125 (-3.5% YoY).
- Repurchased ~$158M of shares in Q1; ended with $1.1B cash & investments.