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Jun 30, 2024
Etsy Q2 2024 Earnings Report
Consolidated results came in at the high end or ahead of guidance for key performance metrics.
Key Takeaways
Etsy, Inc. reported Q2 2024 results with consolidated revenue up 3.0% year-over-year to $647.8 million and consolidated net income of $53.0 million. The company saw a decrease in consolidated GMS by 2.1% year-over-year. Active buyers increased by 1.0% year-over-year to 91.5 million.
Consolidated GMS was $2.9 billion, down 2.1% year-over-year.
Etsy marketplace GMS was $2.5 billion, down 3.2% year-over-year.
Active buyers increased 1.0% year-over-year to 91.5 million.
Consolidated revenue was $647.8 million, up 3.0% versus the second quarter of 2023.
Etsy
Etsy
Etsy Revenue by Segment
Etsy Revenue by Geographic Location
Revenue by Segment
Marketplace Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue by Geographic Location
Consolidated Revenue
CapyFin.com Forward Guidance
Etsy anticipates GMS to decline in the low single digit range year-over-year. Take rate is expected to be similar to Q2 2024, and adjusted EBITDA margin is expected to be approximately 27%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income