Etsy Q1 2024 Earnings Report
Key Takeaways
Etsy's first quarter 2024 results showed a slight increase in consolidated revenue but a decrease in consolidated GMS and net income compared to the same period last year. The company is focused on improving customer experiences to drive buyer consideration and frequency.
Consolidated GMS was $3.0 billion, down 3.7% year-over-year.
Etsy marketplace GMS was $2.6 billion, down 5.3% year-over-year.
Active buyers increased 1.9% year-over-year to 91.6 million.
Consolidated revenue was $646.0 million, up 0.8% year-over-year.
Etsy
Etsy
Etsy Revenue by Segment
Etsy Revenue by Geographic Location
Forward Guidance
Etsy anticipates that the year-over-year decline in consolidated Q2 24 GMS is expected to be similar to actual Q1 24 performance with a range of potential outcomes for the full year, suggests a modest acceleration in year-over-year consolidated GMS in the second half.Take RateSimilar to actual Q1 24 performance.Adjusted EBITDA MarginSimilar to actual Q1 24 performance.
Positive Outlook
- Expects revenue growth to outpace GMS growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income