Etsy reports Q1 EPS (49c), consensus 47c

Reports Q1 revenue $651.2 M, consensus $641.68M. “Etsy‘s (ETSY) Q1 financial results were aligned with our expectations, with solid adjusted EBITDA performance despite pressure on the top line,” said CEO Josh Silverman. “We’re excited to see green shoots, particularly in our App metrics, indicating that our work to build deeper connections with buyers and encourage more frequent visits is taking hold. By leveraging the power of artificial intelligence and machine learning, we’re creating a more inspiring and engaging app experience that provides us with richer insights to personalize Etsy in meaningful ways for each buyer…” “Q1 played out largely as expected,” said CFO Lanny Baker. “GMS trends were consistent with what we saw in the fourth quarter of 2024, our take rate reached a new quarterly high, and adjusted EBITDA margin remained healthy. In fact, adjusted EBITDA margin was slightly stronger than we expected for the quarter, reflecting both the efficiency of our business model and effective expense management…We are keeping a clear eye on Etsy’s long-term opportunities, while also staying nimble in the face of uncertainty given recent tariff announcements and the fluid state of consumer confidence in our core markets.”