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) announced it will virtually participate in several investor events in March 2021. Key events include the Truist Securities Technology, Internet & Services Conference on March 10 at 11:20 a.m. ET, Loop Capital's Investor Conference on March 11 at 11:00 a.m. ET, and the Canaccord Genuity Forum on March 24 at 11:00 a.m. ET. A live webcast and replay of these presentations will be available on Etsy's investor relations website. Additionally, Etsy will participate in the 33rd Annual Virtual Roth Conference on March 16, 2021.
Etsy reported strong fourth quarter and full year results for 2020, showcasing a consolidated GMS growth of 117.7% to $3.6 billion and revenue growth of 128.7% to $617.4 million. Net income surged 374.7% to $148.5 million, with diluted EPS of $1.08. Active buyers and sellers increased 76.7% and 61.7%, respectively. Despite the positive results, the company refrained from providing full year 2021 guidance due to macroeconomic uncertainties. Q1 2021 guidance estimates GMS of $2.9B-$3.1B, revenue of $513M-$536M, and Adjusted EBITDA between $168M-$178M.
Etsy, Inc. (Nasdaq: ETSY) will release its fourth quarter and year-end 2020 financial results on February 25, 2021, after market close. A video webcast conference call will follow at 5:00 p.m. ET to discuss these results, which will be accessible via the company's investor relations website. A replay will be available later that evening. Etsy operates online marketplaces connecting buyers and sellers and emphasizes human-centered commerce.
Etsy, Inc. (Nasdaq: ETSY), a leading online marketplace, announced its participation in upcoming virtual investor events including the RBC Capital Markets Global Technology Conference on November 17, 2020. The conference will feature a webcast presentation by Etsy executives at 11:20 a.m. ET. Additionally, Etsy will take part in the Bernstein Operational Decisions Conference on November 16, 2020. Investors can access the live webcast and replay via Etsy's investor relations website. Etsy connects millions of buyers and sellers, focusing on unique and creative goods.
Etsy, Inc. reported remarkable financial growth for Q3 2020, with GMS surging 119% year-over-year to $2.63 billion and revenue up 128% to $451.5 million. Net income skyrocketed 520% to $91.8 million, translating to $0.70 earnings per share. Active buyers increased by 55.4% to 69.6 million, driven by enhanced marketing strategies and product investments. Looking ahead, Etsy aims for Q4 revenue growth of 70% - 90% and GMS growth of 65% - 85%, emphasizing ongoing consumer engagement and technology enhancements.
Etsy, Inc. (Nasdaq: ETSY) will release its third quarter 2020 financial results on October 28, 2020, after market close, with a conference call at 5:00 p.m. ET to discuss the results. Investors can access the press release and webcast on the company's investor relations website. A replay of the call will be available starting at 8:00 p.m. ET. Etsy connects millions of buyers and sellers globally through its marketplace, focusing on unique and creative goods, while also owning Reverb, an online marketplace for musical instruments.
Etsy, Inc. (Nasdaq: ETSY) has announced its participation in several upcoming investor events, including presentations at Citi's Global Technology Virtual Conference on September 9, 2020, at 11:40 a.m. ET, and the Goldman Sachs 27th Annual Global Retailing Virtual Conference on September 10, 2020. Additionally, Etsy CEO Josh Silverman will participate in a keynote fireside chat on September 15, 2020, discussing the company's use of digital commerce. Interested parties can access live webcasts and replays on Etsy's investor relations website.
Etsy, Inc. (Nasdaq: ETSY) announced the pricing of $650 million in 0.125% convertible senior notes due 2027, set to close on August 24, 2020. The notes will mature on September 1, 2027, and have an initial conversion price of approximately $199.97 per share, a 52.5% premium over the last sale price on August 19, 2020. Etsy expects to net around $639.5 million from the offering, primarily to repurchase outstanding 2023 notes and for general corporate purposes. Capped call transactions will help mitigate stock dilution. The company plans to resume its stock repurchase program in Q4 2020.
Etsy announced a proposed private offering of $650 million in convertible senior notes, due 2027, to qualified institutional buyers. The notes will be unsecured and convertible into cash, shares, or a combination at Etsy's discretion. Proceeds will fund capped call transactions and repurchase part of its existing 0% Convertible Senior Notes due 2023. The board reinitiated its stock repurchase program, with $77.5 million available. The offering is subject to market conditions and will not be registered under the Securities Act.
Etsy, Inc. reported impressive Q2 2020 results, with Gross Merchandise Sales (GMS) surging 146% to approximately $2.69 billion and revenue increasing 137% year-over-year to $428.7 million. Net income soared 429% to $96.4 million, resulting in a diluted earnings per share (EPS) of $0.75. The company saw significant growth in active buyers, up 41% to 60,274, and active sellers increased by 35% to 3,140. Despite the strong performance, Etsy provided cautious guidance for Q3 2020 amidst ongoing pandemic uncertainties, forecasting GMS growth between 80% to 110%.
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