Form 8-K · Current Report · Filed 2024-10-30
Etsy, Inc. Reports Q3 2024 Financial Results and Approves New Stock Repurchase Program
Etsy, Inc. reported its financial results for the third quarter of 2024, showing a slight decline in Gross Merchandise Sales (GMS) year-over-year, an increase in revenue, and a decrease in net income. The company also announced a new stock repurchase program authorizing the repurchase of up to an additional $1 billion of its common stock. Key highlights include a positive take rate, strong growth in Services revenue, and healthy Adjusted EBITDA margin.
- Filer
- Etsy Inc. ETSY · NASDAQ
- Filed
- Accession
- 0001370637-24-000050
- CIK
- 0001370637
- Signal
- Low impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$47.48
Next session
+8.3%
Since filing
+70.7%
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 (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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