secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001370637-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000028/0001370637-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000028/etsy-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001370637-24-000028

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