secwatch.observer — SEC 8-K summary
======================================

Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001370637-25-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Etsy Reports Q4 and Full Year 2024 Results; Q4 Revenue Up 1.2% to $852M, GMS Down 6.8%
--------------------------------------------------------------------------------

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063725000015/0001370637-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063725000015/etsy-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001370637-25-000015

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