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Jun 30, 2023
Etsy Q2 2023 Earnings Report
Etsy's active buyers reached an all-time high, and the marketplace returned to year-over-year GMS growth in May and June.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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