Etsy GAAP EPS of $0.45 misses by $0.08, revenue of $662.4M beats by $9.95M

Etsy press release (NASDAQ:ETSY): Q3 GAAP EPS of $0.45 misses by $0.08.
Revenue of $662.4M (+4.1% Y/Y) beats by $9.95M.
Etsy’s Board of Directors Approves a new $1B Stock Repurchase Program
Consolidated GMS was $2.9 billion, down 4.1% year-over-year and down 4.4% on a currency-neutral basis. Consolidated GMS performance includes a small headwind from the divestiture of Elo7.
Etsy marketplace GMS was $2.5 billion, down 6.0% year-over-year and down 6.3% on a currency-neutral basis.
Active buyers decreased 0.4% year-over-year to 91.2 million.
We reactivated 6.4 million buyers, up 5.6% from the prior year period, and acquired 5.3 million new buyers.

Consolidated Q4 24 Financial Guidance

	Q4 24 Guidance	FY 24 Implied Guidance
GMS	We currently anticipate that consolidated Q4 24GMS will decline in the low to mid single digitpercentage range on a year-over-year basis.	Based upon Q4 24 guidance, for the full year ourconsolidated GMS will have declined roughly in thelow single digit percentage range compared to FY 23.
Take Rate	22.3 %	~22%
Adjusted EBITDA Margin	28-29%	27.4-27.7%

Tags: ETSY