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Etsy Inc | 10-Q: Q2 2024 Earnings Report

Etsy Inc | 10-Q: Q2 2024 Earnings Report

Etsy Inc | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/02 03:07

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Etsy reported Q2 2024 revenue of $647.8 million, up 3% year-over-year, while Gross Merchandise Sales (GMS) declined 2.1% to $2.9 billion amid continued macroeconomic pressures. Marketplace revenue grew 3.8% to $470.4 million, while Services revenue increased 0.9% to $177.4 million. The company maintained strong profitability with Adjusted EBITDA of $179.4 million, representing a 27.7% margin.The platform demonstrated resilient engagement metrics with active buyers growing 0.4% to 96.6 million and active sellers increasing 5.9% to 8.8 million. International expansion remained a key focus, with approximately 45% of GMS coming from transactions where either buyer or seller was located outside the United States. However, GMS per active buyer on the Etsy marketplace declined 3.2% year-over-year to $124.Operating expenses decreased 11.1% to $393.5 million, reflecting cost management initiatives including the workforce reduction implemented in Q4 2023. The company maintained a strong balance sheet with $1 billion in cash and short-term investments while continuing its share repurchase program, buying back $151.5 million worth of shares during the quarter.
Etsy reported Q2 2024 revenue of $647.8 million, up 3% year-over-year, while Gross Merchandise Sales (GMS) declined 2.1% to $2.9 billion amid continued macroeconomic pressures. Marketplace revenue grew 3.8% to $470.4 million, while Services revenue increased 0.9% to $177.4 million. The company maintained strong profitability with Adjusted EBITDA of $179.4 million, representing a 27.7% margin.The platform demonstrated resilient engagement metrics with active buyers growing 0.4% to 96.6 million and active sellers increasing 5.9% to 8.8 million. International expansion remained a key focus, with approximately 45% of GMS coming from transactions where either buyer or seller was located outside the United States. However, GMS per active buyer on the Etsy marketplace declined 3.2% year-over-year to $124.Operating expenses decreased 11.1% to $393.5 million, reflecting cost management initiatives including the workforce reduction implemented in Q4 2023. The company maintained a strong balance sheet with $1 billion in cash and short-term investments while continuing its share repurchase program, buying back $151.5 million worth of shares during the quarter.
Etsy报告2024年第二季度营业收入为64780万，同比增长3%，而在持续的宏观经济压力下，商品毛销售（GMS）下降了2.1%，降至29亿。市场营业收入增长了3.8%，达到47040万，而服务收入增加了0.9%，达到17740万。公司保持了强劲的盈利能力，调整后的EBITDA为17940万，代表着27.7%的利润率。该平台展示了强劲的用户参与指标，活跃买家增长0.4%，达到9660万，活跃卖家增长5.9%，达到880万。国际扩张仍然是一个关键重点，约45%的GMS来自于买家或卖家位于美国以外的交易。然而，Etsy市场上每位活跃买家的GMS同比下降了3.2%，降至124。营业费用减少了11.1%，降至39350万，反映出包括在2023年第四季度实施的裁员措施在内的成本管理举措。公司保持强劲的资产负债表，现金和短期投资达10亿，同时继续其股票回购计划，在本季度回购了价值15150万的股票.
Etsy报告2024年第二季度营业收入为64780万，同比增长3%，而在持续的宏观经济压力下，商品毛销售（GMS）下降了2.1%，降至29亿。市场营业收入增长了3.8%，达到47040万，而服务收入增加了0.9%，达到17740万。公司保持了强劲的盈利能力，调整后的EBITDA为17940万，代表着27.7%的利润率。该平台展示了强劲的用户参与指标，活跃买家增长0.4%，达到9660万，活跃卖家增长5.9%，达到880万。国际扩张仍然是一个关键重点，约45%的GMS来自于买家或卖家位于美国以外的交易。然而，Etsy市场上每位活跃买家的GMS同比下降了3.2%，降至124。营业费用减少了11.1%，降至39350万，反映出包括在2023年第四季度实施的裁员措施在内的成本管理举措。公司保持强劲的资产负债表，现金和短期投资达10亿，同时继续其股票回购计划，在本季度回购了价值15150万的股票.
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