Q1 2025 ETSY Inc Earnings Call Transcript
Key Points
- Etsy Inc (ETSY) reported a slight beat on take rate and adjusted EBITDA margin for Q1 2025, indicating strong financial management.
- The company is making significant strides in enhancing its mobile app, with app GMS reaching an all-time high of 44.5% of total Etsy Marketplace GMS.
- Etsy Inc (ETSY) is leveraging advanced AI and machine learning to deliver personalized shopping experiences, which is expected to drive buyer engagement and frequency.
- The company has a resilient business model with a diverse global seller base, which has proven robust against macroeconomic shocks.
- Etsy Inc (ETSY) is actively working on improving its product and marketing strategies, which are expected to drive growth throughout 2025.
- Etsy Inc (ETSY) reported a 6.5% year-over-year decline in consolidated GMS for Q1 2025, reflecting ongoing challenges in consumer discretionary spending.
- The company is facing macroeconomic headwinds, including potential impacts from global tariffs and changes to de minimis exemptions.
- Active buyer metrics remain muted, with a 3.4% decline in active buyers, attributed to macroeconomic factors affecting consumer spending.
- Etsy Inc (ETSY) anticipates a challenging second quarter with a similar or slightly better year-over-year GMS decline compared to Q1.
- The company is experiencing some gross margin headwinds due to higher processing costs and investments in machine learning and search development.
Hi, everyone, and welcome to Etsy's first-quarter 2025 earnings conference call. I'm Deb Wasser, VP of Investor Relations. And joining me today in Brooklyn are Josh Silverman, CEO; and Lanny Baker, CFO.
Today's prepared remarks have been pre-recorded, including comments from our new President and Chief Growth Officer, Kruti Patel Goyal. Once we are finished with the presentation, Josh and Lanny will take questions from our publishing sell-side analysts on video.
Please keep in mind that our remarks today include forward-looking statements related to our financial guidance, our business, and our operating results, as noted in the slide deck posted to our website for your reference. Our actual results may differ materially.
Forward-looking statements involve risks and uncertainties, some of which are described in today's earnings release and our most recent periodic report, and which will be updated in future periodic reports that we file with the SEC. Any forward-looking statements that we make on this call are based on
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