earnings
confidence high
sentiment neutral
materiality 0.90
Etsy Reports Q4 and Full Year 2024 Results; Q4 Revenue Up 1.2% to $852M, GMS Down 6.8%
ETSY INC
2024-FY EPS reported
$2.35
revenue$2,808,332,000
- Consolidated Q4 revenue reached record $852.2M, up 1.2% YoY; net income $129.9M, up 56%.
- Q4 consolidated GMS $3.7B, down 6.8% YoY; Etsy marketplace GMS $3.3B, down 8.6%.
- Record adjusted EBITDA of $250.6M in Q4, margin 29.4%; full year adj. EBITDA $781.5M.
- Etsy repurchased $260M of shares in Q4; share count reduced by 12.2M shares in FY2024.
- Q1 2025 guidance: GMS decline similar to Q4, take rate ~23%, adj. EBITDA margin ~25-26%.