Etsy Reports Q2 2024 Earnings Results
Etsy (ETSY) reported Q2 2024 earnings with a 3% year-over-year revenue increase to $648 million, driven by marketplace and payments/offsite ads growth. However, consolidated gross merchandise sales (GMS) declined 2.1% year-over-year to $2.9 billion, impacted by a 20 basis-point foreign exchange headwind. Adjusted EBITDA rose to $179 million with a 27.7% margin, exceeding internal guidance.
Tickers: $ETSY
Topics: Earnings EBITDA GMS Marketplace Performance Revenue Growth Take Rate