Etsy Inc - ETSY STOCK NEWS

Etsy, Inc. plans to offer $1.0 billion of convertible senior notes due 2028 through a private placement. The notes will be unsecured obligations, convertible into cash, shares, or a combination. Proceeds will fund stock repurchases, capped call transactions, and general corporate purposes. Etsy aims to repurchase up to $150 million in common stock concurrently with the offering. The offering may impact stock prices due to hedge activities by option counterparties, with potential risks if capped call transactions fail. None of the securities have been registered under the Securities Act.

Etsy (NASDAQ: ETSY) has signed an agreement to acquire Depop for $1.625 billion, primarily in cash. The acquisition aims to enhance Etsy's market presence in the fast-growing resale sector, particularly among Gen Z consumers, who represent 90% of Depop's active user base. Depop's 2020 gross merchandise sales were approximately $650 million, with revenue reaching $70 million.

Following the anticipated closing in Q3 2021, Depop will operate independently while benefiting from Etsy's resources. The acquisition is expected to be accretive to Etsy's growth, though modestly dilutive to its adjusted EBITDA margin.

Etsy, Inc. (Nasdaq: ETSY) announced its virtual participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021, at 11:10 a.m. ET. A live webcast and replay will be available on Etsy's investor relations website. The company operates two-sided online marketplaces that connect millions of buyers and sellers globally, focusing on unique goods crafted by creative entrepreneurs. Etsy's mission is to enhance commerce by empowering communities. Founded in 2005, Etsy is headquartered in Brooklyn, New York.

Etsy, Inc. reported a remarkable first quarter for 2021, with consolidated Gross Merchandise Sales (GMS) reaching $3.1 billion, a 132.3% increase year-over-year. Revenue soared to $550.6 million, up 141.5%, with net income skyrocketing 1,048.1% to $143.8 million. Active buyers grew 89.9%, totaling 90,654. The company noted significant engagement from habitual buyers, up 205%. Despite the strong performance, Etsy declined to provide full-year guidance due to ongoing macroeconomic uncertainties.

Etsy, Inc. (Nasdaq: ETSY) is set to release its first quarter 2021 financial results on May 5, 2021, after market close. The results will be detailed in a press release available on Etsy's investor relations website. Following this, a video webcast conference call will be held at 5:00 p.m. ET to discuss the results, with a replay available after the event. Etsy connects millions of buyers and sellers through its online marketplaces, primarily known for unique and creative goods.

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.