Form 8-K · Current Report · Filed 2025-02-19
Etsy Reports Highest Quarterly Revenue in Q4 2024
Etsy, Inc. announced its Q4 and full year 2024 financial results, achieving a record consolidated revenue of $852.2 million for Q4, with a net income of $129.9 million, representing a 56.0% increase year-over-year. Despite a 6.8% decline in Gross Merchandise Sales (GMS) year-over-year, the company saw positive revenue growth primarily driven by Services revenue. Etsy's Adjusted EBITDA was $250.6 million for Q4, with a margin of 29.4%. The company ended the year with $1.2 billion in cash and cash equivalents, and during Q4, it repurchased approximately $260 million of its common stock.
- Filer
- Etsy Inc. ETSY · NASDAQ
- Filed
- Accession
- 0001370637-25-000015
- CIK
- 0001370637
- Signal
- Medium 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
$57.29
Next session
-10.3%
Since filing
+41.4%
Latest close
$81.03
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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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