Etsy GAAP EPS of $0.41 misses by $0.05, revenue of $647.8M beats by $18.58M

  • Etsy press release (NASDAQ:ETSY): Q2 GAAP EPS of $0.41 misses by $0.05.
  • Revenue of $647.8M (+3.0% Y/Y) beats by $18.58M.
  • Consolidated GMS was $2.9 billion, down 2.1% year-over-year and down 1.9% on a currency-neutral basis. Consolidated GMS included a small headwind from the divestiture of Elo7.
  • Consolidated Q3 24 Financial Guidance 

     

    Q3 24 Guidance

    GMS

     

    Take Rate

    Similar to Q2 24

    Adjusted EBITDA Margin

    ~27%

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