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. has announced leadership changes to enhance its executive team. Raina Moskowitz has been promoted to Chief Operating Officer, effective immediately, to oversee marketplace services and critical revenue functions. Kim Seymour will join as Chief Human Resources Officer on April 26, 2022, bringing over two decades of experience in organizational design. The changes aim to strengthen Etsy's growth opportunities and maintain its commitment to a human-centered commerce approach. CEO Josh Silverman expressed confidence in both leaders to drive success in their new roles.
Etsy, Inc. (Nasdaq: ETSY) announced its participation in several upcoming investor events. Executives will present at Canaccord's eCommerce Sustainable Advantage Virtual Forum on March 24, 2022, at 12:00 p.m. ET, with a live webcast available on Etsy's investor relations site. Additionally, Etsy will participate in the D.A. Davidson 5th Annual Consumer Growth Conference on March 10, 2022, and the Deutsche Bank's 30th Annual Media, Internet, and Telecom Conference on March 15, 2022. Etsy continues to connect creative buyers and sellers globally, maintaining its mission to 'Keep Commerce Human.'
Etsy, Inc. announced strong fourth quarter and full year 2021 financial results, showcasing record GMS of $4.2 billion, up 16.5% YoY. Revenue reached $717.1 million, a 16.2% increase, with net income of $161.6 million. The company acquired 10 million new buyers and saw significant growth in habitual buyers, up 26% YoY. Despite a decrease in paid channel GMS, non-U.S. GMS rose 20%. Etsy's transaction fee will increase from 5% to 6.5% in April 2022 to fund marketing and seller tools. The company projects Q1 2022 consolidated GMS between $3.2B and $3.4B.
Etsy, Inc. (Nasdaq: ETSY) will release its fourth quarter and year-end 2021 financial results on February 24, 2022, after market close. Investors can access the press release on the Investor Relations website.
A video webcast conference call will take place at 5:00 p.m. Eastern Time on the same day to discuss the results. A replay will be available at 8:00 p.m. Eastern Time and for three months thereafter.
Etsy, Inc. (NASDAQ: ETSY) reported strong Q3 2021 results with consolidated Gross Merchandise Sales (GMS) of $3.1 billion, a 17.9% increase year-over-year. The Etsy marketplace GMS reached $2.7 billion, rising 12.4% year-over-year. Revenue hit $532.4 million, also up 17.9%, though net income decreased by 2% to $89.9 million due to acquisition-related expenses. Active sellers doubled to 7,461, while active buyers grew 37.8% to 95,982. Looking ahead, Etsy projects Q4 GMS between $3.9 billion and $4.1 billion, anticipating strong holiday performance.
Etsy, Inc. has appointed Marla Blow to its Board of Directors, effective November 30, 2021. This brings the Board's total to nine members. Marla currently serves as President and COO of the Skoll Foundation and has held significant positions at Mastercard and FS Card Inc. CEO Josh Silverman expressed enthusiasm about Marla's experience in payments and social impact, believing her skills will help Etsy in advancing its mission to support creative entrepreneurship. Marla emphasized the importance of economic inclusion and aims to strengthen Etsy's community-focused strategy.
Etsy, Inc. (Nasdaq: ETSY) will release its third quarter 2021 financial results on November 3, 2021, after market close. Investors can access the press release on the Etsy Investor Relations website. A video webcast to discuss the results will take place at 5:00 p.m. ET on the same day. Participants can submit questions during the call via the Q&A chat window. A replay will be available starting at 8:00 p.m. ET for three months. Etsy connects millions of buyers and sellers globally, focusing on unique and creative goods.
Etsy, Inc. (Nasdaq: ETSY) announced the appointment of Andy Ballard to its Board of Directors, effective September 30, 2021. Ballard, CEO of Wiser Solutions, brings nearly three decades of leadership experience in technology and finance. This change comes as Edith Cooper resigned from the board to focus on other commitments, effective September 14, 2021. CEO Josh Silverman expressed enthusiasm for Ballard's addition, highlighting his expertise and commitment to Etsy's community and values.
Etsy, Inc. (Nasdaq: ETSY) announced its participation in the Citi 2021 Global Technology Virtual Conference on September 14 at 1:50 p.m. ET. A live webcast and replay will be available on Etsy's investor relations website. This event underscores Etsy's commitment to connecting buyers and sellers in creative markets, maintaining its mission to 'Keep Commerce Human.' The company operates various platforms, including Etsy.com, Depop, Reverb, and Elo7, focusing on unique goods and enhancing seller experiences.
Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in two investor events scheduled for August 2021. The events include the Keybanc Technology Leadership Virtual Forum on August 9 at 11:20 a.m. ET and the Canaccord 41st Annual Growth Conference on August 11 at 11:00 a.m. ET. Live webcasts of these presentations will be available on Etsy's investor relations website. Etsy operates online marketplaces focused on connecting creative buyers and sellers globally, including brands like Depop and Reverb.
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