The earnings call presented a mixed picture with positive developments in revenue growth, take rate improvement, and strong performance in segments like Depop. However, these highlights were balanced by challenges such as a decline in GMS, reduced active seller count, and macroeconomic pressures on discretionary spending.

Company Guidance

During Etsy's Q3 2024 earnings call, the company provided financial guidance and highlighted several key metrics. Consolidated GMS was $2.9 billion, a decline of 4.1% year-over-year, while revenue increased by 4.1% to $662 million, driven by a higher take rate of 22.7%. Despite challenging market conditions, Etsy achieved an adjusted EBITDA margin of approximately 28%. The company reported a robust active buyer base of around 91 million, although the Etsy marketplace GMS was down 6% year-over-year. Etsy's strategic investments in app improvements and search diversity were emphasized as pathways to reignite growth, with initiatives like the Etsy Insider loyalty program and the expansion of physical gift cards across 20,000 stores showcasing their focus on enhancing customer experiences. Looking ahead to Q4, Etsy expects consolidated GMS to decline in the low to mid-single-digit percentage range, with a projected take rate of 22.3% and an adjusted EBITDA margin between 28% and 29%.

Revenue Growth and Profitability

Consolidated revenue grew by 4.1% to $662 million, with an adjusted EBITDA margin of approximately 28%.

Strong Take Rate Improvement

Take rate improved to 22.7%, 180 basis points above the previous year, driven by Etsy Payments and ads revenue expansion.

Depop Performance

Depop experienced over 30% year-over-year GMS growth, with significant improvements in U.S. listings and market share.

Advancements in Search and App

Implemented algorithm improvements with Gen AI, resulting in a 40% reduction in repetitive search results and a 33% reduction in rearview mirror impressions in the app.

Introduction of Etsy Gift Cards

Physical Etsy gift cards launched in over 20,000 stores and online, with significant future growth potential.

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Etsy (ETSY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ETSY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	0.95 / -	0.62	―	―	―
Oct 30, 2024	2024 (Q3)	0.53 / 0.45	0.64	-29.69% (-0.19)
Jul 31, 2024	2024 (Q2)	0.44 / 0.41	0.45	-8.89% (-0.04)
May 01, 2024	2024 (Q1)	0.48 / 0.48	0.53	-9.43% (-0.05)
Feb 21, 2024	2023 (Q4)	0.76 / 0.62	0.77	-19.48% (-0.15)
Nov 01, 2023	2023 (Q3)	0.50 / 0.64	-7.62	108.40% (+8.26)
Aug 02, 2023	2023 (Q2)	0.42 / 0.45	0.51	-11.76% (-0.06)
May 03, 2023	2023 (Q1)	0.51 / 0.53	0.6	-11.67% (-0.07)
Feb 22, 2023	2022 (Q4)	0.80 / 0.77	1.11	-30.63% (-0.34)
Nov 02, 2022	2022 (Q3)	0.37 / -7.62	0.62	-1329.03% (-8.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ETSY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$47.99	$51.44	+7.19%
Jul 31, 2024	$65.14	$60.16	-7.65%
May 01, 2024	$69.74	$59.24	-15.06%
Feb 21, 2024	$77.13	$70.62	-8.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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