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Mar 31, 2023
Etsy Q1 2023 Earnings Report
Etsy delivered solid top and bottom line performance in the first quarter, maintaining the vast majority of pandemic gains in the face of stiff macroeconomic headwinds.
Key Takeaways
Etsy's consolidated revenue increased by 10.6% year-over-year to $640.9 million, while consolidated GMS decreased by 4.6% year-over-year to $3.1 billion. The Etsy marketplace grew active buyers by 1% year-over-year to 89.9 million. Consolidated net income was $74.5 million, down $11.6 million year-over-year.
Consolidated GMS was $3.1 billion, down 4.6% year-over-year.
Etsy marketplace GMS was $2.7 billion, down 4.7% year-over-year.
Etsy marketplace grew active buyers by 1% year-over-year to 89.9 million.
Consolidated revenue was $640.9 million, up 10.6% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Etsy’s guidance for consolidated GMS, revenue, and Adjusted EBITDA margin for the second quarter of 2023 is: GMS: $2.85B to $3.10B Revenue: $590M to $640M Adjusted EBITDA margin: Approximately 26%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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