Etsy Q1 2023 Earnings Report
Key Takeaways
Etsy's consolidated revenue increased by 10.6% year-over-year to $640.9 million, while consolidated GMS decreased by 4.6% year-over-year to $3.1 billion. The Etsy marketplace grew active buyers by 1% year-over-year to 89.9 million. Consolidated net income was $74.5 million, down $11.6 million year-over-year.
Consolidated GMS was $3.1 billion, down 4.6% year-over-year.
Etsy marketplace GMS was $2.7 billion, down 4.7% year-over-year.
Etsy marketplace grew active buyers by 1% year-over-year to 89.9 million.
Consolidated revenue was $640.9 million, up 10.6% year-over-year.
Etsy
Etsy
Etsy Revenue by Segment
Etsy Revenue by Geographic Location
Forward Guidance
Etsy’s guidance for consolidated GMS, revenue, and Adjusted EBITDA margin for the second quarter of 2023 is: GMS: $2.85B to $3.10B Revenue: $590M to $640M Adjusted EBITDA margin: Approximately 26%
Revenue & Expenses
Visualization of income flow from segment revenue to net income