2023-05-03 16:10:06 ET
- Etsy press release ( NASDAQ: ETSY ): Q1 GAAP EPS of $0.53 beats by $0.03 .
- Revenue of $640.87M (+10.6% Y/Y) beats by $19.95M .
- Consolidated GMS was $3.1 billion, down 4.6% year-over-year and down 2.6% on a currency-neutral basis.
- Etsy marketplace GMS was $2.7 billion, down 4.7% year-over-year and down 2.6% on a currency-neutral basis.
- The Etsy marketplace grew active buyers by 1% year-over-year to 89.9 million, the first time this metric has grown on a year-over-year basis since the fourth quarter of 2021.
- We acquired 7 million new buyers, reactivated 21% more buyers than during the prior year period, and retained active buyers at levels above pre-pandemic rates on a trailing twelve month basis.
- Q2 outlook:
- GMS of $2.85B-$3.10B
- Revenue $590M-$640M
For further details see:
Etsy GAAP EPS of $0.53 beats by $0.03, revenue of $640.87M beats by $19.95M