Etsy’s Post

I think that the ETSY ecosystem is not only made up of buyers, but also sellers, and your success can be increased by trying to improve the whole ecosystem. Keep in mind that explaining the reason for the accounts you suspend will make existing sellers feel safer on ETSY and these sellers will improve ETSY. Close all accounts that do not follow your rules. Do not give opportunity to scammers. But explain the reasons for these suspensions transparently so that everyone can say "ETSY is right". Even scammers say "My account was suspended unfairly" and show your standard e-mail. How can both buyers and sellers trust the ETSY ecosystem under these conditions? I love ETSY and I want it to thrive... I hope ETSY becomes the biggest marketplace in the world...

This evening Etsy reported our fourth quarter results, with a solid finish to the year for the core Etsy marketplace, as well as at our subsidiaries. For the full year, consolidated GMS was $13.2 billion, roughly flat with 2022; and revenue was a record $2.7 billion, up about 7%. Etsy's ability to deliver healthy revenue growth and strong levels of profit and cash flow gives us great confidence in the power of our special financial model and our ability to invest in long-term sustainable growth. Here is a snippet of what our CEO Josh Silverman had to say on our earnings call. To watch the full video, see investors.etsy.com.

This week Etsy (ETSY) reported earnings of $628.9M, beating expectations. NIQ has seen increases in both Average Discounts and the percentage of orders with discounts, reaching nearly 50% of all orders for Q2-2023 (ending June 2023). Additionally, Etsy has recently implemented a negotiation feature, suggesting it may be pushing sellers to use discount pricing strategies to increase sales. Want more insights? https://lnkd.in/gm9EYY7K Get updates directly in your inbox: https://lnkd.in/g_HFVCgp #etsy #altdata #consumerinsights #investmentstrategies

🇺🇸 Etsy stock fall more than 35% in the last 12 months 🛍️ Market Struggles: Facing seller revolts and counterfeit goods. 💸 Financial Downturn: Stock prices falling and profitability issues. 🔍 Identity Crisis: Losing its unique market position. 🌐 Headwinds ahead: Eroding trust, delayed payments for sellers and increased competition Do you think Etsy can reclaim is old glory? #Etsy #OnlineMarketplace #Crafts 👇 subscribe free for more insights at marketmaze.me/subscribe

Etsy (NASDAQ:ETSY) shares were down more than 1% on Thursday morning despite reporting better-than-expected 3Q results the prior evening. The company's earnings per share (EPS) for the quarter were $0.64, while revenues reached $636.3 million, representing a 7% year-over-year increase. These figures exceeded the consensus estimates of $0.50 in EPS and $631.27 million in revenue. The revenue growth was primarily attributed to strong performance in Etsy (NASDAQ:ETSY) Ads, payments revenue, and transaction fee revenue from Offsite Ads, the company noted. Despite facing challenges from a dynamic macroeconomic environment affecting consumer discretionary spending and the mid-quarter divestiture of Elo7, consolidated Gross Merchandise Sales (GMS) rose by 1.2% year-over-year to $3 billion. Within Etsy (NASDAQ:ETSY)'s marketplace, GMS reached $2.7 billion, a 1% increase from the previous year. Additionally,... More at #Proactive #ProactiveInvestors #NASDAQ #ETSY http://ow.ly/1sYB104ZUmU

In my Etsy article from Nov 2023, I wrote, "In my best-case scenario where Etsy hits all the growth estimates, the fair value would come to $63.53, which is still lower than the current stock price... My take is the decline (in sales) will be worse than before, and the weakness will be sustained until the macro-economic situation improves." It has been a 64% drop from December 2023 to Q1 2024. When will ETSY recover? Will Etsy recover? What do you think? Etsy: Outlook As The Holiday Season Approaches https://lnkd.in/gsZTHKFn

Etsy beat market expectations for quarterly revenue, benefiting from demand for personalised products and higher fees! But the company's consolidated gross merchandise sales also fell 4.6% to $3.1 billion in the reported quarter, affecting consumer spending, particularly for lower household income buyers. But it’s not all doom and gloom as its net revenues rose 10.6% to $640.9 million, compared to analysts' estimate of $622.1 million - so personalisation really is paying off for brands that utilise consumer trends. Find out more here: https://bit.ly/3Qidqbi #ConsumerDemand #Personalisation #BuyingHabits #Ecommerce

#Etsy might soon introduce its own loyalty program. It was mentioned during the recent Etsy earnings call, yet no details were provided. However, loyalty programs typically follow a standard playbook, so we can probably expect some kind of paid membership for buyers to receive free or cheaper shipping, rewards for shopping on Etsy, and discounts. Etsy might also move towards creating an option for sellers to create their loyalty reward program, something sellers have been talking about for years (https://lnkd.in/gbxJjr5w). ▶ “In addition to Gift Mode, which I'll tell you more about in a moment, we're also hard at work researching options for a buyer loyalty program to give buyers explicit reasons to come back and shop more often.” ◀ https://lnkd.in/gbSATjDG ⤵ Also, check this PDF `Q4 2023 Financial Results` where I got the image from: https://lnkd.in/g_vrTHUP

Etsy (NASDAQ:ETSY, ETR:3E2), the e-commerce company, is unlikely to offer much upside for its shares in 2024 when it reveals full-year guidance on Wednesday 21 February, analysts believe. Fourth-quarter results are expected to keep in line with consensus, but analysts at Wedbush are bracing for a “mixed” outlook for the 2024 financial year. Continued near-term macro and competitive pressures are predicted to offset any potential efficiencies and capital return initiatives. Data has indicated that Etsy’s unique users and engaged website traffic slowed during the fourth quarter and into January, leaving Wedbush cautious that said weakness “could be viewed more harshly by investors”. #Etsy is also working with activist investor Elliot Management, having appointed the fund’s Marc Steinberg to the board of directors after it amassed a 13% stake in the company. More at #Proactive #ProactiveInvestors #NASDAQ #ETR #ETSY #3E2 http://ow.ly/h9lr105gVl6

Etsy is set to report highly-anticipated earnings today. It's stock is trading at a 3-year low of $69 per share, down -75% from its high in 2021. Why is the stock down so much? Here's a summary of the 7 major events that sparked the e-commerce stock's decline: 🤝 July 2021 → working to expand its portfolio, Etsy shells out nearly $2B to acquire competitors Depop and Elo7, a strategic move to cater more towards Gen-Z (Depop) and international (Elo7) markets 😷 October 2021 → then at the height of its market value, Etsy reported a major earnings miss in Q3 2021, leading investors to begin worrying about slowing growth in the e-comm space after the COVID pandemic 🧶 February 2022 → discretionary spending on Etsy's platform continues to decline, owing to rising inflation and changing consumer spending habits. One headline reads "Consumers Are Spending Less on Hand-Crafted Good", another signal of broader economic concerns affecting e-commerce 📦 August 2022 → Amazon steps in and announces plans to expand their handmade and unique goods offering, putting major competitive pressure on Etsy. Etsy begins strategic price cuts and promotions to try and retain market share 👔 November 2022 → squeezed by falling margins, Etsy announces major layoffs throughout the company as part of a broader restructuring plan aimed at 'streamlining operations' in response to slower growth 🏛 May 2023 → noticing e-commerce margins aren't what they used to be, Morgan Stanley downgrades their rating on Etsy, sending the stock down another -10% below $100 a share 📉 December 2023 → Etsy ends 2023 with a disappointing earnings report and soft guidance for the upcoming quarters. Ongoing concerns about consumer spending patterns push Etsy's stock down further towards $70 per share In short → Etsy probably overspent its budget in 2021 → then rising inflation, shifting shopping habits, and competitive pressure from Amazon crunched their margins → leading to layoffs and stock downgrades → and bringing $ETSY stock down with it Today's earnings will reveal how Etsy is responding to these pressures. Will they be able to transition their margins and find enough competitive advantage to revive profits?