NYSE$ETSY
Etsy Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Etsy's active buyers reached an all-time high, and the marketplace returned to year-over-year GMS growth in May and June.
Etsy's Q2 2023 results showed flat consolidated GMS at $3.0 billion, but revenue increased by 7.5% to $628.9 million. The number of active buyers reached a new all-time high, and there were encouraging signs of stabilization in GMS per buyer and habitual buyer trends.
- Consolidated GMS was largely flat at $3.0 billion, a decrease of 0.6% year-over-year.
- Etsy marketplace GMS was $2.6 billion, down 0.7% year-over-year.
- Active buyers increased by 3% year-over-year, reaching a new all-time high of 91 million.
- Consolidated revenue increased by 7.5% year-over-year to $628.9 million.
Headline financials
Revenue & EPS history
Etsy · Revenue · Quarterly
$629M
Revenue by segment
Etsy · $629M total across 2 segments · Q2 2023
- Marketplace Revenue$453M+3.1%72.0%
- Services Revenue$176M+20.8%28.0%
Forward guidance
Etsy's guidance for Q3 2023 anticipates GMS between $2.95B and $3.10B, revenue from $610M to $645M, and an Adjusted EBITDA margin of 27-28%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.8%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.4%
Avg return
30 days after
45%
20 / 44 earnings
Positive
+27.8%
Q4 2021
Best reaction
-32.8%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.2% | +1.4% | +7.4% | |
| Q4 2025 | +9.3% | +23.5% | +20.0% | |
| Q3 2025 | -12.5% | -18.3% | -27.5% | |
| Q1 2025 | -5.7% | -2.3% | +20.0% | |
| Q4 2024 | -10.1% | -7.1% | -21.3% | |
| Q3 2024 | +8.3% | +10.1% | +15.5% | |
| Q2 2024 | -6.8% | -14.1% | -14.6% | |
| Q1 2024 | -13.7% | -9.0% | -7.6% | |
| Q4 2023 | -6.9% | -5.2% | -10.6% | |
| Q3 2023 | -1.1% | +1.3% | +31.7% | |
| Q2 2023 | -15.9% | -14.4% | -24.3% | |
| Q1 2023 | -6.7% | -6.5% | -14.3% | |
| Q4 2022 | +5.4% | -3.4% | -14.4% | |
| Q3 2022 | +9.4% | +8.5% | +53.7% | |
| Q2 2022 | +12.5% | +11.1% | +11.7% | |
| Q1 2022 | -9.5% | -14.1% | -19.4% | |
| Q4 2021 | +27.8% | +35.2% | +13.6% | |
| Q3 2021 | +12.7% | +8.4% | -3.9% | |
| Q2 2021 | -4.2% | -3.9% | +15.7% | |
| Q1 2021 | -16.3% | -11.3% | -12.9% | |
| Q4 2020 | +5.3% | +14.0% | -3.2% | |
| Q3 2020 | -9.2% | -13.3% | +10.1% | |
| Q2 2020 | +0.7% | +3.8% | -13.7% | |
| Q1 2020 | +5.2% | +10.3% | +8.1% | |
| Q4 2019 | +16.1% | +17.9% | -22.5% | |
| Q3 2019 | -18.2% | -17.8% | -20.3% | |
| Q2 2019 | -10.9% | -17.4% | -21.2% | |
| Q1 2019 | -9.3% | -14.5% | -4.6% | |
| Q4 2018 | +21.1% | +28.4% | +15.6% | |
| Q3 2018 | +18.7% | +23.5% | +31.7% | |
| Q2 2018 | +5.5% | +10.9% | +14.1% | |
| Q1 2018 | -4.6% | -4.5% | +6.4% | |
| Q4 2017 | +19.8% | +21.7% | +32.9% | |
| Q3 2017 | +1.6% | +0.8% | +13.0% | |
| Q2 2017 | +8.1% | +11.4% | +16.3% | |
| Q1 2017 | -5.0% | +5.4% | +22.5% | |
| Q4 2016 | -16.4% | -20.3% | -18.7% | |
| Q3 2016 | -13.2% | -11.8% | -8.1% | |
| Q2 2016 | +16.7% | +16.1% | +16.2% | |
| Q1 2016 | +3.6% | — | — | |
| Q4 2015 | -0.6% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | -32.8% | — | — | |
| Q1 2015 | -16.3% | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro