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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.
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 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