earnings
confidence high
sentiment negative
materiality 0.75
Etsy Q1 net loss of $52M on $101.7M Reverb impairment; GMS falls 6.5%
ETSY INC
2025-Q1 EPS reported
-$0.49
revenue$651,176,000
- Consolidated GMS $2.8B (-6.5% YoY); revenue $651M (+0.8%); net loss $52.1M vs net income $63M.
- Etsy marketplace GMS $2.3B (-8.9% YoY); active buyers 88.5M (-3.4%); habitual buyers 6.2M (-11%).
- Non-GAAP adjusted EBITDA $171.1M (26.3% margin); Q2 guidance ~25% adjusted EBITDA margin.
- Goodwill impairment of $101.7M on Reverb; definitive agreement signed to sell Reverb announced April 22.
- Repurchased $189M shares in Q1; cash and investments $997M.