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Etsy (ETSY) Misses Q3 EPS by 8c

October 30, 2024 4:18 PM

Etsy (NASDAQ: ETSY) reported Q3 EPS of $0.45, $0.08 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $662.4 million versus the consensus estimate of $653.45 million.

Consolidated Q4 24 Financial Guidance

Q4 24 Guidance

FY 24 Implied Guidance

GMS

We currently anticipate that consolidated Q4 24
GMS will decline in the low to mid single digit
percentage range on a year-over-year basis.

Based upon Q4 24 guidance, for the full year our
consolidated GMS will have declined roughly in the
low single digit percentage range compared to FY 23.

Take Rate

22.3 %

~22%

Adjusted EBITDA Margin

28-29%

27.4-27.7%

Please note that our guidance assumes currency exchange rates remain unchanged at current levels.

With respect to our expectations under "Consolidated Q4 24 Financial Guidance" and outlook for the remainder of 2024 above, reconciliation of Adjusted EBITDA margin guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from Adjusted EBITDA; in particular, stock-based compensation expense, foreign exchange loss (gain), interest and other non-operating income, net, provision (benefit) for income taxes, acquisition, divestiture, and corporate structure-related expenses, and other non-recurring expenses.

For earnings history and earnings-related data on Etsy (ETSY) click here.

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