Form 8-K · Current Report · Filed 2024-07-31
Etsy, Inc. Announces Q2 2024 Financial Results and CFO Retirement
On July 31, 2024, Etsy, Inc. announced its financial results for the second quarter of 2024, revealing consolidated revenue of $647.8 million, up 3.0% year-over-year. The company also announced that Rachel Glaser, its Chief Financial Officer, will retire and remain in her role until the earlier of when a successor is appointed or April 1, 2025. Additionally, Etsy repurchased $150 million of its common stock during the quarter. The company's press release provided further details on its financial performance and strategic initiatives, including updates on gifting, quality initiatives, and new loyalty programs.
- Filer
- Etsy Inc. ETSY · NASDAQ
- Filed
- Accession
- 0001370637-24-000041
- CIK
- 0001370637
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$64.52
Next session
-6.8%
Since filing
+25.6%
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:
Exhibits (2)
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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