Net income for the fourth quarter of 2020 … Below is Etsy's guidance for consolidated GMS, revenue and Adjusted EBITDA for the first quarter of 2021. For example, we added an expected delivery date filter to show items available by a certain date. We have included Adjusted EBITDA because it is a key measure used by our management and Board of Directors to evaluate our operating performance and trends, allocate internal resources, prepare and approve our annual budget, develop short- and long-term operating plans, determine incentive compensation, and assess the health of our business. When autocomplete results are available use up and down arrows to review and enter to select. Consolidated active buyers grew 76.7% year-over-year in the fourth quarter, and active sellers grew 61.7% year-over-year. Two traders on whether it can keep winning Published Wed, Aug 5 2020 3:24 PM EDT Updated Thu, Aug 6 2020 8:30 AM EDT More buyers spending more. Etsy retained earnings (accumulated deficit) for the quarter ending December 31, 2020 were $-0.218B, a 7.88% decline year-over-year. "Etsy delivered industry-leading GMS and revenue growth together with strong profitability in the fourth quarter," said Rachel Glaser, Etsy's Chief Financial Officer. BROOKLYN, N.Y., Feb. 25, 2021 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced financial results for its fourth quarter and full year ended December 31, 2020. Zacks earnings numbers are reported on a BNRI (Before Non Recurring Items) basis and include stock option expenses where possible. Etsy, Inc. - Q4 2020 Etsy Inc. Earnings Conference Call. (1)  Included in interest and other non-operating expense, net is primarily non-cash interest expense, including amortization of debt issuance costs, related to our convertible debt offerings, which were entered into in March 2018, September 2019, and August 2020. In 2020, Etsy, an e-commerce website company in craft and vintage … Etsy: annual revenue 2012-2020. International GMS for the Etsy marketplace was 41% of overall GMS, and increased 145% year-over-year on a currency-neutral basis, driven by our marketing efforts and our international domestic trade route, which is GMS generated between a non-U.S. buyer and a non-U.S. seller both in the same country. This presentation contains forward-looking statements within the meaning of the federal securities laws. We believe that Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our business as it removes the impact of certain non-cash items and certain variable charges. Net income per share attributable to common stockholders: Weighted average common shares outstanding: Condensed Consolidated Statements of Cash Flows. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. The marketplace experienced a high influx of new buyers driving GMS growth, and new sellers, both professional shops and individuals, offering ample new and differentiated used and vintage musical gear. "Product enhancements and disciplined marketing investments worked together to increase buyer lifetime value, enabling us to increase spend in marketing while maintaining high return on investment. Of … (4)   Acquisition-related expenses are expenses related to our acquisition of Reverb. Knowing PMAEA for ETSY three weeks before Earnings Announcement can provide unique advantages in trading Earnings. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Etsy hits all-time highs after hours on blowout earnings report. Etsy Q4 2020 Earnings Preview. The beauty of our business model is that success is a virtuous cycle - frequency leads to higher lifetime value of buyers, which allows us to invest more in the marketplace - and our team is executing an exciting and focused plan to do just that. In the fourth quarter, the Etsy marketplace acquired approximately 13 million new buyers and 7 million reactivated buyers, buyers who haven't purchased in a year or more. (2)  Included in depreciation and amortization is depreciation expense related to our headquarters lease, which is accounted for as a finance lease. Launching 'buy now, pay later' installment options for U.S. buyers, making higher priced items more accessible, and expanding Etsy Payments to two new countries. GMS generated on the five key shopping days from Thanksgiving through Cyber Monday for the Etsy marketplace was up 135% compared to the same period last year. We made continued progress driving frequency, as Etsy marketplace's GMS per active buyer on a trailing 12-month basis grew 13% year-over-year and 6% excluding masks. Net income … For a summary of the key items that we expect to impact our guidance, please read our Q4 investor presentation that is available on Etsy's investor relations website, investors.etsy.com. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (blog.etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Habitual buyers, buyers with 6 or more purchase days and over. Is Etsy stock pricey, trading at about 140x earnings?Not at all. It is on Wed 4 Aug (In 85 Days). An important focus for 2021 is on frequency - to be a global brand buyers come back to more than ever through more personalized and engaging experiences, while giving sellers more opportunities to grow. Reverb improved comparison shopping pages, enhanced the way it promoted financing options, and made investments in search, structured data, personalization, and performance marketing. Do Not Sell My Personal Information (CA Residents Only). Visit the Earnings Calendar to see dates for upcoming earnings announcements. Earnings: $1.08 per share vs. 59 cents per share expected, according to analysts surveyed by Refinitiv; Revenue: $617.4 million vs. $516 million expected, according to analysts surveyed by Refinitiv Etsy, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results Reports Consolidated Fourth Quarter Year-Over-Year GMS Growth of 117.7%; Revenue Growth of 128.7% Brooklyn, NY - February 25, 2021 - Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect Net income was primarily impacted by foreign exchange losses of $9.3 million or $0.08 loss per share." Reports Consolidated Fourth Quarter Year-Over-Year GMS Growth of 117.7%; Revenue Growth of 128.7%. By PYMNTS. New to earnings? Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Deb Wasser, Vice President, Investor Relations[email protected], Gabriel Ratcliff, Director, Investor Relations[email protected], Sarah Marx, Senior Manager, Corporate Communications[email protected], Cautionary Statement Regarding Forward-Looking Statements. Etsy has generated $0.76 earnings per share over the last year and currently has a price-to-earnings ratio of 87.0. Etsy will host a video webcast conference call to discuss these results at 5:00 p.m. Eastern Time today, which will be livestreamed via the Company's Investor Relations website (investors.etsy.com) under the events section. Disclaimer. "Exceptional fourth quarter performance, with consolidated GMS and revenue growth of approximately 118% and 129% respectively, capped off a transformative year for Etsy," said Josh Silverman, Etsy, Inc. Chief Executive Officer. Published by Tugba Sabanoglu , Mar 11, 2021. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. For the fiscal year ending Dec 2021 , the consensus EPS* forecast has increased over the past week from 2.74 to 2.81 (2.55%) and decreased over the past month from 2.75 to 2.74 (0.36%). Etsy 2020 annual EPS was $2.69, a 253.95% increase from 2019. The key operating and financial metrics we use are: For information about how we define our metrics, see our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Type a symbol or company name. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts. We are just getting started executing on our long-term growth strategy, focused on highly differentiated and defensible competitive advantages within a $1.7 trillion market opportunity. We made significant progress on goals aligned with our Economic, Social, and Ecological Impact pillars, as well as supporting our communities in 2020. Etsy Inc (NASDAQ:ETSY) Q3 2020 Earnings Call Oct 28, 2020, 5:00 p.m. New risks emerge from time to time. Especially if you consider the fact that the earnings could be about 4x current levels by 2023. In television and digital video, our U.S strategy included both direct response ads and those designed to create an emotional connection with consumers. These risks and uncertainties include: (1) our ability to continue our rapid growth, (2) risks related to the ongoing COVID-19 pandemic, which continues to impact our business and results of operations in numerous ways that remain volatile and unpredictable; (3) the fluctuation of our quarterly operating results; (4) our failure to meet our publicly announced guidance or other expectations; (5) our ability to successfully execute on our business strategy or if our strategy proves to be ineffective; (6) our ability to attract and retain an active and engaged community of sellers and buyers; (7) macroeconomic events that are outside of our control; (8) our ability to recruit and retain employees; (9) the importance to our success of the trustworthiness of our marketplaces and the connections within our community; (10) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (11) the effectiveness of our marketing efforts; (12) the effectiveness of our mobile solutions for sellers and buyers; (13) our ability to expand our business in our core geographic markets; (14) regulation in the area of privacy and protection of user data; (15) our dependence on third-party payment providers; (16) acquisitions that may prove unsuccessful or divert management attention; and (17) the potential misuse or disclosure of sensitive information about members of our community and the potential for cyber-attacks. Etsy (NASDAQ: ETSY) is scheduled to announce Q4 earnings results on Thursday, February 25th, after market … We calculate currency-neutral GMS growth by translating current period GMS for goods sold that were listed in non-U.S. dollar currencies into U.S. dollars using prior year foreign currency exchange rates. Earnings Etsy Delights Investors With Earnings Win, Disgruntles Sellers With Advertising Fees. The increase in operating expenses was driven primarily by growth of our investments in marketing and, to a lesser extent, product development. We began charging sellers this 'success based' transaction fee on. The Algorithm predicts "% Predicted Move After Earnings Announcement" (PMAEA) for ETSY three weeks prior to earnings date. Etsy retained earnings (accumulated deficit) for 2020 were $-0.147B, a 35.44% decline from 2019. If Dickerson was beloved and made people feel warm and fuzzy, Silverman was mean and lean as he immediately shut down projects and laid off employees. We disclaim any obligation to update forward-looking statements. Etsy ETSY, -2.06% said it earned $143.8 million, or $1 a share, in the quarter, compared with earnings of $12.5 million in the year-ago quarter. Etsy 2019 annual EPS was $0.76, a 24.59% increase from 2018. Not only is Etsy the place to buy unique handcrafted coronavirus face … Offsite Ads, our advertising program which promotes Etsy sellers' listings on multiple platforms, continued to yield encouraging returns, with opt-out rates less than 2% during the quarter. Finance lease obligations—net of current portion, Total liabilities and stockholders' equity, Condensed Consolidated Statements of Operations, (in thousands except share and per share amounts; unaudited). View ETSY financial statements in full. The consensus EPS Estimate is … Founded back in 2005, Etsy grew by fits and starts over the years but eventually gained traction and went public in 2015. Etsy just released its financial results for 2020's second quarter (April to June) - here are the highlights [with my comments in square brackets; otherwise, I am simply reporting what they are saying]: total marketplace sales for the quarter were $2.69 billion including Reverb; Etsy alone hit $2.5 billion. Etsy's mission is to "Keep Commerce Human," and we're committed to using the power of business and technology to strengthen communities and empower people around the world. Etsy (ETSY) delivered earnings and revenue surprises of 80.00% and 17.62%, respectively, for the quarter ended December 2020. Etsy Inc has confirmed Earnings date and time. Factors contributing to Etsy's very strong fourth quarter performance included acceleration in non-mask product categories, better than expected macro conditions, successful product and marketing initiatives and an extended holiday buying season including a record-setting 'Cyber Five' on Etsy.com. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Consolidated take rate (i.e., revenue divided by GMS) was 17.1%, up 80 basis points year-over-year, driven by Etsy Ads, Offsite Ads, and the expansion of Etsy Payments platform. Consolidated revenue was $550.6 million, up 141.5% versus the same period of 2020, with a take rate (i.e., Consolidated revenue divided by Consolidated GMS) of 17.5%. Etsy Q3 2020 earnings show higher-than expected growth across its key metrics. Cision Distribution 888-776-0942 (5)   During the third quarter of 2020, we repurchased $301.1 million aggregate principal amount of our outstanding 0% Convertible Senior Notes due 2023 ("2018 Notes"). For example, we saw a significant improvement in the value of Etsy buyer cohorts in 2020, as we acquired 61 million new and reactivated buyers, and saw nearly 160% growth in our habitual buyers.". Etsy Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Adjusted EBITDA does not reflect other non-operating expenses, net of other non-operating income, including net interest expense; Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not consider the impact of stock-based compensation expense; Adjusted EBITDA does not consider the impact of foreign exchange (gain) loss; Adjusted EBITDA does not reflect acquisition-related expenses; Adjusted EBITDA does not consider the impact of non-ordinary course disputes; Adjusted EBITDA does not consider the impact of the loss on extinguishment of debt; and. *Assumes the midpoint of our revenue guidance. Under the newly installed chief executive’s rule, Etsy seemed to lose its … New Consumer shopping habits have allowed Etsy to sustain growth by driving retention and frequency of … Net income for the fourth quarter of 2020 was, Cash and cash equivalents, short- and long-term investments were. While Etsy's growth in 2021 is likely to decelerate off of last year's high levels along with the rest of e-commerce, we have more conviction than ever to invest in our business for the long-term, building top of mind awareness in the hearts and minds of consumers, with an ambition to outperform e-commerce and gain market share.". Some of these limitations are: Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including net income and our other GAAP results. Etsy retained earnings (accumulated deficit) for 2019 were $-0.227B, a 48.21% increase from 2018. Regarding Etsy's outlook, Mr. Silverman commented, "As Etsy has earned the right to be top of mind for global consumers, we will build loyalty and trust with our buyers through delightful shopping experiences that are unlike those you can find elsewhere. This press release contains or references forward-looking statements within the meaning of the federal securities laws. Etsy added twice as many new buyers in 2020 as they did in 2019. Shares of Etsy (NASDAQ:ETSY) rose in after-market trading after the company reported Q4 results.