Etsy Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 19, 2025
EPS estimate $0.94
EPS actual -
Revenue estimate 861.462M
Revenue actual -
Expected change +/- 6.12%
Q3 2024 Missed
$0.450 (-15.09%)
Release date Oct 30, 2024
EPS estimate $0.530
EPS actual $0.450
EPS Surprise -15.09%
Revenue estimate 862.712M
Revenue actual 662.41M
Revenue Surprise -23.22%
Q2 2024 Missed
$0.410 (-8.89%)
Release date Jul 31, 2024
EPS estimate $0.450
EPS actual $0.410
EPS Surprise -8.89%
Revenue estimate 629.57M
Revenue actual 647.806M
Revenue Surprise 2.90%
Q1 2024 Missed
$0.480 (-2.04%)
Release date May 01, 2024
EPS estimate $0.490
EPS actual $0.480
EPS Surprise -2.04%
Revenue estimate 646.33M
Revenue actual 645.954M
Revenue Surprise -0.0582%

Last 4 Quarters for Etsy

Below you can see how ETSY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Missed
Release date May 01, 2024
Fiscal end date Mar 31, 2024
Price on release $69.74
EPS estimate $0.490
EPS actual $0.480
EPS surprise -2.04%
Date Price
Apr 25, 2024 $67.20
Apr 26, 2024 $67.43
Apr 29, 2024 $68.88
Apr 30, 2024 $68.67
May 01, 2024 $69.74
May 02, 2024 $59.24
May 03, 2024 $59.97
May 06, 2024 $62.46
May 07, 2024 $62.77
4 days before 3.78%
4 days after -9.99%
On release day -15.06%
Change in period -6.59%
Q2 2024 Missed
Release date Jul 31, 2024
Fiscal end date Jun 30, 2024
Price on release $65.14
EPS estimate $0.450
EPS actual $0.410
EPS surprise -8.89%
Date Price
Jul 25, 2024 $60.43
Jul 26, 2024 $62.27
Jul 29, 2024 $63.87
Jul 30, 2024 $64.52
Jul 31, 2024 $65.14
Aug 01, 2024 $60.16
Aug 02, 2024 $59.35
Aug 05, 2024 $55.45
Aug 06, 2024 $53.98
4 days before 7.79%
4 days after -17.13%
On release day -7.65%
Change in period -10.67%
Q3 2024 Missed
Release date Oct 30, 2024
Fiscal end date Sep 30, 2024
Price on release $47.99
EPS estimate $0.530
EPS actual $0.450
EPS surprise -15.09%
Date Price
Oct 24, 2024 $48.63
Oct 25, 2024 $48.64
Oct 28, 2024 $48.77
Oct 29, 2024 $47.48
Oct 30, 2024 $47.99
Oct 31, 2024 $51.44
Nov 01, 2024 $52.77
Nov 04, 2024 $52.27
Nov 05, 2024 $52.73
4 days before -1.32%
4 days after 9.88%
On release day 7.19%
Change in period 8.43%
Q4 2024 (Upcoming)
Release date Feb 19, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $0.94
EPS actual -
Date Price
Feb 07, 2025 $54.30
Feb 10, 2025 $54.18
Feb 11, 2025 $53.29
Feb 12, 2025 $52.79
Feb 13, 2025 $55.32

Etsy Earnings Call Transcript Summary of Q3 2024

Key Takeaways from Etsy’s Q3 2024 Earnings Call:

Financial Performance:

  • Consolidated GMS (Gross Merchandise Sales) totaled $2.9 billion, a decrease of 4.1% YoY.
  • Revenue grew 4.1% YoY, reaching $662 million, driven by take rate expansion.
  • Adjusted EBITDA margin recorded at approximately 28%.
  • Strong performance from Depop and improved take rates resulted in 22.7%, surpassing prior year levels.

Marketplace Highlights:

  • Etsy marketplace GMS was down 6% YoY; however, the number of active buyers remained strong at about 91 million.
  • Continued focus on improving customer experience over short-term GMS growth, with investments in app improvements and enhanced search algorithms.

Strategic Initiatives:

  • Gift Mode launched, significantly increasing gifting GMS, with new features and marketing strategies focusing on unique gift options.
  • Etsy Insider loyalty program started as a beta, with a limited audience to gauge effectiveness without compromising seller economics.
  • Emphasis on quality in listings and diversity in search results using AI to enhance buyer experience.

Marketing and Investment:

  • Increasing emphasis on brand and discovery marketing, with 22% Year-over-Year increase in marketing spend, particularly for TikTok and other performance channels.
  • Commitment to maintaining operating margins while also investing in growth.

Challenges Ahead:

  • Anticipation of low to mid-single digit percentage decline in Q4 consolidated GMS amidst macroeconomic pressures and rising consumer caution.
  • Potential impact of upcoming U.S. elections on consumer sentiment and holiday spending.

Capital Management:

  • Company reported $1.2 billion in cash and short/long-term investments.
  • Initiated a new $1 billion stock repurchase program, with approximately $260 million remaining from previous authorizations.
  • Continued strong cash flow generation, with 90% of adjusted EBITDA being converted to free cash flow.

Outlook:

  • Etsy remains focused on driving customer engagement and enhancing the marketplace experience.
  • Continued investment in foundational aspects that will support long-term growth and improve profitability, with emphasis on unique value offerings amidst a challenging retail environment.

Etsy Earnings History

Earnings Calendar

FAQ

When is the earnings report for ETSY?
Etsy (ETSY) has scheduled its earnings report for Feb 19, 2025 before the markets open.

What is the ETSY price-to-earnings (P/E) ratio?
ETSY P/E ratio as of Feb 13, 2025 (TTM) is 23.49.

What is the ETSY EPS forecast?
The forecasted EPS (Earnings Per Share) for Etsy (ETSY) for the first fiscal quarter 2024 is $0.94.

What are Etsy's retained earnings?
On its balance sheet, Etsy reported retained earnings of $662.41 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT ETSY
Etsy
Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique item...
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