Etsy Q2 2023 Earnings Report
Key Takeaways
Etsy's Q2 2023 results showed flat consolidated GMS at $3.0 billion, but revenue increased by 7.5% to $628.9 million. The number of active buyers reached a new all-time high, and there were encouraging signs of stabilization in GMS per buyer and habitual buyer trends.
Consolidated GMS was largely flat at $3.0 billion, a decrease of 0.6% year-over-year.
Etsy marketplace GMS was $2.6 billion, down 0.7% year-over-year.
Active buyers increased by 3% year-over-year, reaching a new all-time high of 91 million.
Consolidated revenue increased by 7.5% year-over-year to $628.9 million.
Etsy
Etsy
Etsy Revenue by Segment
Etsy Revenue by Geographic Location
Forward Guidance
Etsy's guidance for Q3 2023 anticipates GMS between $2.95B and $3.10B, revenue from $610M to $645M, and an Adjusted EBITDA margin of 27-28%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income