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Form 8-K · Current Report · Filed 2024-02-21

Etsy Reports Highest Annual Revenue and Fourth Quarter Financial Results

Etsy, Inc. announced its financial results for the fourth quarter and full year 2023, reporting consolidated GMS of $4.0 billion for Q4 2023 and consolidated revenue of $842.3 million for the quarter. The company delivered a new all-time high in adjusted EBITDA of $235.5 million for Q4 2023. Etsy also provided guidance for Q1 2024, expecting GMS to decline in the low-single-digit range year-over-year.

Filer
Etsy Inc. ETSY · NASDAQ
Filed
Accession
0001370637-24-000011
CIK
0001370637
Signal
Low impactConsumer Cyclical

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$75.87

Next session

-6.9%

Since filing

+6.8%

Latest close

$81.03

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ETSY reporting the same item, with the next session's move:

Etsy Appoints New Director Marc Steinberg+13.7%

Exhibits (1)

About Etsy Inc.

Etsy Inc. operates as an American e-commerce company dedicated to bringing handmade, vintage, and unique factory-manufactured items to a global marketplace. Its platform facilitates a connection between small business owners, artisans, and craft enthusiasts with a diverse customer base interested in one-of-a-kind goods and sustainable shopping options. Etsy’s primary function is to provide a virtual storefront for individual sellers to market their products, ranging across categories such as jewelry, home decor, clothing, and art, amongst others. By empowering entrepreneurs and small businesses, Etsy supports an ecosystem that champions creative expression and sustainability. Since its inception in 2005, Etsy has significantly impacted the retail sector by offering an alternative to mass-produced goods. Its user-friendly platform and community-centric approach have cemented its role as a leader in the online marketplace for bespoke and artisanal products. Additionally, Etsy's focus on supporting ethical production and fostering a responsible business environment underscores its commitment to social and environmental responsibility.

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