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Etsy
🇺🇸 NASDAQ:ETSY
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•
Sep 30, 2024

Etsy Q3 2024 Earnings Report

Etsy's Q3 2024 consolidated results were roughly as anticipated, with some incremental pressure on Etsy marketplace year-over-year GMS, healthy growth in revenue, and continued strength in adjusted EBITDA profitability.

Key Takeaways

Etsy, Inc. announced its third quarter 2024 results, with consolidated revenue up 4.1% year-over-year to $662.4 million and a net income of $57.4 million. The company's board of directors approved a new $1 billion stock repurchase program.

Consolidated GMS was $2.9 billion, down 4.1% year-over-year.

Etsy marketplace GMS was $2.5 billion, down 6.0% year-over-year.

Consolidated revenue was $662.4 million, up 4.1% versus the third quarter of 2023.

Consolidated net income was $57.4 million, down $30.5 million year-over-year.

Total Revenue
$662M
Previous year: $636M
+4.1%
EPS
$0.45
Previous year: $0.64
-29.7%
GMS
$2.9B
Previous year: $3.04B
-4.6%
Active sellers (thousands)
6.2M
Previous year: 8.8K
+70338.5%
Active buyers (thousands)
91.2M
Previous year: 97.34K
+93589.3%
Gross Profit
$477M
Previous year: $447M
+6.5%
Cash and Equivalents
$819M
Previous year: $742M
+10.4%
Free Cash Flow
$227M
Previous year: $227M
+0.0%
Total Assets
$2.44B
Previous year: $2.45B
-0.3%

Etsy

Etsy

Etsy Revenue by Segment

Etsy Revenue by Geographic Location

Forward Guidance

Etsy anticipates that consolidated Q4 24 GMS will decline in the low to mid single digit percentage range on a year-over-year basis. Adjusted EBITDA Margin is expected to be 28-29%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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