earnings
confidence high
sentiment neutral
materiality 0.80
Etsy Q3 revenue up 4.1% to $662.4M; Adj. EBITDA margin 27.7%; board approves new $1B buyback
ETSY INC
2024-Q3 EPS reported
$1.34
revenue$1,956,170,000
- Consolidated GMS $2.9B, down 4.1% YoY; Etsy marketplace GMS $2.5B, down 6.0% YoY.
- Revenue $662.4M (+4.1% YoY); net income $57.4M (down $30.5M YoY); diluted EPS $0.45.
- Adjusted EBITDA $183.6M, margin 27.7% (ahead of guidance).
- Board approved new $1B stock repurchase program; $156M shares repurchased in Q3.
- Active buyers 91.2M (-0.4% YoY); habitual buyers 6.8M (-4.8% YoY).