E-commerce company Etsy Inc. (NASDAQ: ETSY) on Wednesday announced financial results for the first quarter, reporting higher revenues.
- First-quarter consolidated revenue was $640.9 million, up 10.6% from the prior-year quarter
- Net income declined 13.4% year-over-year to $74.5 million from 86.1 million a year earlier
- Consolidated adjusted EBITDA was $170.3 million in the March quarter, up 7% year-over-year
- Etsy ended the first quarter with $1.1 billion in cash and cash equivalents and short- and long-term investments
- The company repurchased an aggregate of approximately $148 million, or 1,205,151 shares during the quarter
- Total GMS declined 4.6% to $3.1 billion and dropped 2.6% on a currency-neutral basis
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
