Etsy Stock Falls on Revenue Miss. 'Significant' Headwinds Hit Merchandise Sales. -- Barrons.com

Dow Jones

19 Feb

By Mackenzie Tatananni

Etsy stock slid after the e-commerce company posted fourth-quarter revenue that fell short of Wall Street's expectations.

The parent of the secondhand marketplace Depop and Reverb, a platform for selling musical equipment, reported revenue of $852.2 million for the December quarter. While the figure marked a record for the company and a 1.2% increase from the prior year, it fell below the consensus call for $861.8 million among analysts tracked by FactSet.

Shares of Etsy slipped 5.9% to $53.90 in premarket trading.

CEO Josh Silverman cited "significant" headwinds affecting gross merchandise sales, or GMS, in 2024. In the fourth quarter, gross sales of merchandise on the Etsy marketplace declined 8.6% from the previous year to $3.3 billion, while consolidated GMS, representing the total dollar value of items sold across all Etsy-owned platforms, declined 6.8% to $3.7 billion.

Management pointed to pressure on discretionary spending, a highly competitive retail environment, and "challenging year-over-year comparisons in a shortened holiday season."

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 19, 2025 08:43 ET (13:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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'Significant' Headwinds Hit Merchandise Sales. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-19 21:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Mackenzie Tatananni \n</p>\n<p>\n  Etsy stock slid after the e-commerce company posted fourth-quarter revenue that fell short of Wall Street's expectations. \n</p>\n<p>\n     The parent of the secondhand marketplace Depop and Reverb, a platform for selling musical equipment, reported revenue of $852.2 million for the December quarter. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 08:43 ET (13:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETSY","symbol_name":"Etsy, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512710208","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512710208","pubTimestamp":1739972580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Etsy stock slid after the e-commerce company posted fourth-quarter revenue that fell short of Wall Street's expectations.The parent of the secondhand marketplace Depop and Reverb, a platform for selling musical equipment, reported revenue of $852.2 million for the December quarter. 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