Etsy Sees Q4 2023 GMS Decline In Low-Single-Digit Range
Portfolio Pulse from Benzinga Newsdesk
Etsy has projected a decline in Gross Merchandise Sales (GMS) for Q4 2023 in the low-single-digit range year-over-year. The take rate is estimated to be around 20.8%, slightly down due to normal seasonality. The adjusted EBITDA margin is expected to be between 26-27%. The company's CEO, Mr. Silverman, acknowledged the challenging environment for consumer discretionary spending but expressed confidence in the company's ability to deliver profitable growth.
November 01, 2023 | 8:13 pm
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Etsy's projected decline in GMS for Q4 2023 could negatively impact the company's stock in the short term. However, the company's focus on profitable growth and confidence in its roadmap may mitigate some of this impact.
The projected decline in GMS for Q4 2023 indicates a potential decrease in Etsy's revenues, which could negatively impact the company's stock price. However, the company's focus on profitable growth and confidence in its roadmap may provide some reassurance to investors, potentially mitigating some of the negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100