Welcome to our dedicated page for Etsy news (Ticker: ETSY), a resource for investors and traders seeking the latest updates and insights on Etsy stock.
Etsy, Inc. (NASDAQ: ETSY) operates as a prominent global e-commerce marketplace that connects millions of creative buyers and sellers. Founded in 2005 and headquartered in Brooklyn, New York, Etsy has rapidly grown into a top-tier marketplace in the U.S., U.K., Germany, France, Australia, and Canada. The company specializes in unique, handmade, vintage items, and craft supplies, thereby catering to a niche market of buyers looking for distinctive goods that are not available in mainstream retail.
Etsy's core marketplace, Etsy.com, is its primary platform, where over 96 million buyers interact with 9 million sellers. The platform covers a broad range of categories, including jewelry, home decor, clothing, and art, generating a consolidated gross merchandise volume of $13.2 billion in 2023. Etsy also owns other marketplaces such as Reverb (musical instruments) and Depop (fashion resale), which contribute to its diversified revenue stream.
The company generates revenue through various streams such as listing fees, transaction fees, advertising services, payment processing, and shipping labels. In its latest financial results for Q4 2023, Etsy reported its highest-ever quarterly revenue of $842 million, driven by strong growth in Etsy Ads and payment services. Despite the challenging economic environment, Etsy showcased a 7.0% revenue growth and an adjusted EBITDA margin of 28.6% for the third quarter of 2023, highlighting its robust financial performance.
Recent achievements include the launch of Gift Mode™, an interactive hub aimed at enhancing the gifting experience through a blend of AI and human curation. This initiative is part of Etsy's broader strategy to increase buyer consideration and frequency of purchases. Additionally, Etsy's subsidiary Reverb has improved its user experience with advanced search filters and streamlined checkout processes, while Depop has made strides in performance marketing and product personalization.
Etsy's mission,
Etsy, Inc. (NASDAQ: ETSY) is set to release its first quarter 2023 financial results on May 3, 2023, after market close. The press release will be available on Etsy's Investor Relations website. Following the release, a video webcast conference call is scheduled for 5:00 p.m. Eastern Time the same day, allowing participants to submit questions via a chat window. A replay will be accessible starting at 8:00 p.m. Eastern Time and will remain available for three months. Etsy operates online marketplaces connecting buyers and sellers globally, including its primary platform Etsy.com and other brands such as Depop and Reverb. The company focuses on human-centered commerce, empowering communities through unique products and efficient tools for sellers.
Etsy (Nasdaq: ETSY) announced its participation in several upcoming investor events, emphasizing its commitment to connecting buyers and sellers globally. Key events include the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, and Canaccord Genuity's Virtual eCommerce Sustainable Advantage Forum on March 23, 2023. Additionally, Etsy executives will speak at the Deutsche Bank Media, Internet & Telecom Conference on February 28, 2023. Based in Brooklyn, New York, Etsy operates marketplaces like Etsy.com, Depop, Reverb, and Elo7, underscoring its mission to 'Keep Commerce Human' and support creative entrepreneurs worldwide.
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