Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. Its platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. The company offers approximately 45 million items across approximately 50 retail categories to buyers. It also provides various seller services, including direct checkouts, promoted listings, and shipping labels, as well as Pattern by Etsy to create custom Websites; and seller tool and education resources to start, manage, and scale businesses to entrepreneurs primarily through Etsy.com. In addition, the company operates A Little Market, a handmade and supplies market for s...
117 Adams Street
Brooklyn, NY 11201
Founded in 2005
Etsy, Inc. Announces Executive Changes
Apr 3 17
Etsy, Inc. announced the appointment of Rachel Glaser as Chief Financial Officer. Rachel, who will start on or about June 1, 2017, will report to Etsy, Inc. CEO and Chair, Chad Dickerson, and will join the executive team. Rachel brings more than 30 years of senior financial experience to Etsy and will oversee global financial operations. She joins from Leaf Group, where as CFO she helped scale their global marketplace and consumer media businesses. Rachel succeeds Kristina Salen, whose March 31, 2017 departure was announced on November 1, 2016. Karen Mullane, Etsy's Vice President, Corporate Controller, will serve as interim CFO until Rachel officially starts.
Etsy, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year of 2017
Feb 28 17
Etsy, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenue of $110,209,000 against $87,895,000 for the same period in the last year. Income from operations was $3,452,000 against $8,416,000 for the same period in the last year. Loss before income taxes was $16,596,000 against profit before income taxes of $2,108,000 for the same period in the last year. Net loss was $21,383,000 or $0.19 per share basic and diluted against $4,232,000 or $0.04 per share basic and diluted for the same period in the last year. Adjusted EBITDA was $15,277,000 against $14,049,000 for the same period a year ago.
For the full year, the company reported revenue of $364,967,000 against $273,499,000 for the same period a year ago. Profit from operations was $17,577,000 against loss of $1,884,000 for the same period in the last year. Loss before income taxes was $2,876,000 against $27,994,000 for the same period in the last year. Net loss was $29,901,000 or $0.26 per share basic and diluted against $54,063,000 or $0.59 per share basic and diluted for the same period in the last year. Adjusted EBITDA was $57,124,000 against $31,007,000 for the same period a year ago. Net cash provided by operating activities was $46,759,000 against $29,211,000 for the same period in the last year. Purchases of property and equipment were $35,981,000 against $11,116,000 for the same period in the last year. Development of internal-use software was $11,769,000 against $9,719,000 a year ago.
For the year of 2017, the company expects GMS growth to be 15% to 17%, revenue growth to be 20% to 22%, Adjusted EBITDA margin to be in range to be in range of 12% to 14%.
Etsy, Inc. Presents at Morgan Stanley 2017 Technology, Media & Telecom Conference, Mar-02-2017 09:55 AM
Feb 24 17
Etsy, Inc. Presents at Morgan Stanley 2017 Technology, Media & Telecom Conference, Mar-02-2017 09:55 AM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Chad Dickerson, Chairman, Chief Executive Officer and President.