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Etsy Inc | 8-K: Etsy, Inc. Reports Third Quarter 2024 Results

Etsy Inc | 8-K: Etsy, Inc. Reports Third Quarter 2024 Results

Etsy Inc | 8-K:Etsy, Inc. 公布2024年第三季度业绩
美股SEC公告 ·  2024/10/31 04:12

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Etsy reported Q3 2024 revenue of $662.4 million, up 4.1% YoY, despite consolidated GMS declining 4.1% to $2.9 billion. Net income fell 34.7% to $57.4 million, while adjusted EBITDA margin reached 27.7%. The company maintained strong profitability with healthy growth in both Marketplace and Services segments.The company made significant progress in improving customer experience through various initiatives, including enhanced gifting features, quality standards implementation, and the launch of Etsy Insider loyalty program. The platform strengthened its search visibility and seller tools, while expanding physical gift card distribution to major U.S. retailers.Etsy's Board approved a new $1 billion stock repurchase program. For Q4 2024, the company expects GMS to decline in the low to mid-single digit percentage range YoY, with an anticipated take rate of 22.3% and adjusted EBITDA margin of 28-29%.
Etsy reported Q3 2024 revenue of $662.4 million, up 4.1% YoY, despite consolidated GMS declining 4.1% to $2.9 billion. Net income fell 34.7% to $57.4 million, while adjusted EBITDA margin reached 27.7%. The company maintained strong profitability with healthy growth in both Marketplace and Services segments.The company made significant progress in improving customer experience through various initiatives, including enhanced gifting features, quality standards implementation, and the launch of Etsy Insider loyalty program. The platform strengthened its search visibility and seller tools, while expanding physical gift card distribution to major U.S. retailers.Etsy's Board approved a new $1 billion stock repurchase program. For Q4 2024, the company expects GMS to decline in the low to mid-single digit percentage range YoY, with an anticipated take rate of 22.3% and adjusted EBITDA margin of 28-29%.
Etsy报告2024年第三季度营业收入达66240万美元,同比增长4.1%,尽管合并GMS下降4.1%,降至29亿美元。净利润下降34.7%,为5740万美元,而调整后的EBITDA利润率达到27.7%。公司在市场和服务两个部门都保持了强劲的盈利能力和健康的增长。公司在改善客户体验方面取得了显著进展,通过多项举措,包括增强的赠礼功能、质量标准实施和Etsy Insider忠诚度计划的推出。该平台增强了搜索可见性和卖家工具,同时将实体礼品卡分发范围扩展到美国主要零售商。Etsy董事会批准了新的10亿美元股票回购计划。对于2024年第四季度,公司预计GMS将同比下降低至中低个位数百分比区间,预期抽成率为22.3%,调整后的EBITDA利润率在28%至29%之间。
Etsy报告2024年第三季度营业收入达66240万美元,同比增长4.1%,尽管合并GMS下降4.1%,降至29亿美元。净利润下降34.7%,为5740万美元,而调整后的EBITDA利润率达到27.7%。公司在市场和服务两个部门都保持了强劲的盈利能力和健康的增长。公司在改善客户体验方面取得了显著进展,通过多项举措,包括增强的赠礼功能、质量标准实施和Etsy Insider忠诚度计划的推出。该平台增强了搜索可见性和卖家工具,同时将实体礼品卡分发范围扩展到美国主要零售商。Etsy董事会批准了新的10亿美元股票回购计划。对于2024年第四季度,公司预计GMS将同比下降低至中低个位数百分比区间,预期抽成率为22.3%,调整后的EBITDA利润率在28%至29%之间。
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