secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001370637-24-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Etsy Q2 revenue $647.8M (+3% YoY), GMS -2.1%; CFO Glaser to retire
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- Consolidated revenue $647.8M (+3% YoY); net income $53.0M, diluted EPS $0.41.
- Consolidated GMS $2.9B (-2.1% YoY); Etsy marketplace GMS $2.5B (-3.2% YoY).
- Adjusted EBITDA $179.4M (27.7% margin), above guidance; active buyers 91.5M (+1% YoY).
- CFO Rachel Glaser retiring; will stay until successor appointed or Apr 2025 then advisory till Jun 2025.
- Repurchased $150M of common stock in Q2; $1.1B cash & investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000041/0001370637-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063724000041/etsy-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001370637-24-000041

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