Etsy shares fall as revenue misses expectations

Investing.com
02-19

Investing.com -- Etsy reported fourth-quarter earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down 8.5% in after-hours trading.

The e-commerce company posted adjusted earnings per share of $1.03, surpassing the analyst consensus of $0.95. However, revenue came in at $852.16 million, missing the $862.75 million analysts had projected.

Etsy (NASDAQ:ETSY)'s gross merchandise sales (GMS) declined 6.8% YoY to $3.7 billion in Q4, reflecting pressure on consumer discretionary spending and a highly promotional retail environment. The company's active buyers decreased 2.6% YoY to 89.6 million.

"Despite facing significant GMS headwinds in 2024, we are proud to have delivered year-over-year revenue growth and very strong profitability, while simultaneously investing in our future," said Josh Silverman, Etsy's CEO.

The company achieved record quarterly revenue and adjusted EBITDA of $250.6 million, with an adjusted EBITDA margin of 29.4%.

For Q1 2025, Etsy expects GMS to decline at a rate similar to Q4 2024. The company projects a take rate of approximately 23% and an adjusted EBITDA margin of 25-26%.

Silverman added, "We are moving with urgency to increase buyer engagement, drive more sales, and return to GMS growth."

Etsy's newly appointed CFO, Lanny Baker, expressed confidence in the company's future, citing its differentiated offerings and financial strength. The company repurchased $260 million worth of shares in Q4.

Related Articles

Etsy shares fall as revenue misses expectations

Prada reviews Versace for potential acquisition bid

Struggling e-truck maker Nikola files for Chapter 11 bankruptcy protection

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10