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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 ·  08/01 15:07

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Etsy Inc reported Q2 2024 results with revenue increasing 3% year-over-year to $647.8 million, while net income decreased 14.4% to $53.0 million. Gross Merchandise Sales (GMS) declined 2.1% to $2.9 billion, reflecting a challenging macroeconomic environment impacting consumer discretionary spending. The company's marketplaces connected 8.8 million active sellers and 96.6 million active buyers.Adjusted EBITDA rose 7.9% to $179.4 million, with margin expanding to 27.7%. Marketplace revenue grew 3.8% to $470.4 million, driven by payments expansion and increased GMS from Depop. Services revenue increased slightly by 0.9% to $177.4 million, primarily due to growth in shipping label revenue.Etsy maintained a strong financial position with $1.0 billion in cash and short-term investments. The company continued to invest in marketing and product development while implementing cost-saving measures. Looking ahead, Etsy faces ongoing challenges from macroeconomic factors, including inflation, interest rates, and changing consumer preferences, but remains focused on leveraging its marketplace expertise across its "House of Brands."
Etsy Inc reported Q2 2024 results with revenue increasing 3% year-over-year to $647.8 million, while net income decreased 14.4% to $53.0 million. Gross Merchandise Sales (GMS) declined 2.1% to $2.9 billion, reflecting a challenging macroeconomic environment impacting consumer discretionary spending. The company's marketplaces connected 8.8 million active sellers and 96.6 million active buyers.Adjusted EBITDA rose 7.9% to $179.4 million, with margin expanding to 27.7%. Marketplace revenue grew 3.8% to $470.4 million, driven by payments expansion and increased GMS from Depop. Services revenue increased slightly by 0.9% to $177.4 million, primarily due to growth in shipping label revenue.Etsy maintained a strong financial position with $1.0 billion in cash and short-term investments. The company continued to invest in marketing and product development while implementing cost-saving measures. Looking ahead, Etsy faces ongoing challenges from macroeconomic factors, including inflation, interest rates, and changing consumer preferences, but remains focused on leveraging its marketplace expertise across its "House of Brands."
Etsy Inc公布了2024年第二季度的业绩,营业收入同比增长3%,达到64780万,而净利润下降14.4%,为5300万。商品总销售额(GMS)下降2.1%,达到29亿,反映出影响消费可支配支出的宏观经济环境的挑战。该公司的市场连接了880万活跃卖家和9660万活跃买家。调整后的EBITDA增长7.9%,达到17940万,利润率扩大至27.7%。市场收入增长3.8%,达到47040万,得益于支付服务的扩展和来自Depop的GMS增加。服务收入小幅增长0.9%,达到17740万,主要是由于运费标签收入的增长。Etsy保持了强大的财务状况,拥有10亿现金和短期投资。公司继续投资于市场营销和产品开发,同时实施节约成本的措施。展望未来,Etsy面临来自宏观经济因素的持续挑战,包括通货膨胀、利率期货和消费者偏好的变化,但仍专注于利用其市场专业知识,扩展其"品牌之家"。
Etsy Inc公布了2024年第二季度的业绩,营业收入同比增长3%,达到64780万,而净利润下降14.4%,为5300万。商品总销售额(GMS)下降2.1%,达到29亿,反映出影响消费可支配支出的宏观经济环境的挑战。该公司的市场连接了880万活跃卖家和9660万活跃买家。调整后的EBITDA增长7.9%,达到17940万,利润率扩大至27.7%。市场收入增长3.8%,达到47040万,得益于支付服务的扩展和来自Depop的GMS增加。服务收入小幅增长0.9%,达到17740万,主要是由于运费标签收入的增长。Etsy保持了强大的财务状况,拥有10亿现金和短期投资。公司继续投资于市场营销和产品开发,同时实施节约成本的措施。展望未来,Etsy面临来自宏观经济因素的持续挑战,包括通货膨胀、利率期货和消费者偏好的变化,但仍专注于利用其市场专业知识,扩展其"品牌之家"。
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