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
MRK Earnings: Merck Q1 2024 profit jumps on 9% revenue growth
Pharmaceutical company Merck & Co. Inc. (NYSE: MRK) reported a sharp increase in adjusted earnings for the first quarter of 2024, aided by an increase in revenues. First-quarter worldwide sales
Infographic: A snapshot of Caterpillar’s (CAT) Q1 2024 financial results
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8
AAL Earnings: Key quarterly highlights from American Airlines’ Q1 2024 financial results
American Airlines Group Inc. (NASDAQ: AAL) reported its first quarter 2024 earnings results today. Total operating revenues increased 3.1% year-over-year to $12.5 billion. Net loss amounted to $312 million, or $0.48