---
schema_version: "secwatch.filing_event.v1"
accession: "0001370637-24-000028"
form_type: "8-K"
ticker: "ETSY"
cik: "0001370637"
company_name: "ETSY INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:27:44.498004+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Etsy Q1 GMS falls 3.7% YoY; net income down to $63M as consumer discretionary weakness persists

## Summary
- 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.

## SEC filing metadata
- accession: 0001370637-24-000028
- form_type: 8-K
- ticker: ETSY
- cik: 0001370637
- company_name: ETSY INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370637/000137063724000028/0001370637-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370637/000137063724000028/etsy-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-24-000028
- JSON: https://secwatch.observer/filing/0001370637-24-000028.json
- Plain text: https://secwatch.observer/filing/0001370637-24-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.