Etsy: Q3 Earnings Smashed Wall Street's Expectations

Nov. 03, 2022 10:38 AM ETEtsy, Inc. (ETSY)EBAY, SHOP1 Comment
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Stocks and Savings
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Summary

  • Etsy, Inc. is a world-leading ecommerce marketplace for unique goods.
  • It's been a difficult 2022 so far for Etsy, with shares tumbling over 60% YTD.
  • The company has faced plenty of headwinds outside of its control, such as global macroeconomic weakness and difficult YoY comparisons due to the lockdown boost it had previously received.
  • Etsy just reported its Q3 earnings, beating analysts' estimates on both revenue and EPS for the 12th consecutive quarter.
  • I believe Etsy to be a high-quality business under temporary macroeconomic pressure, and the current share price could prove to be great long-term buying opportunity.

Etsy IPO Opens On Nasdaq

Paul Zimmerman

Investment Thesis

Etsy, Inc. (NASDAQ:ETSY) is a leading ecommerce marketplace with a mission to "Keep Commerce Human." The company operates a two-sided marketplace connecting millions of passionate and creative buyers and sellers around the world. Its global primary marketplace, Etsy.com, is home

87% of buyers surveyed say Etsy has items I can't find anywhere else

Etsy Q3'22 Earnings Presentation

Etsy has four marketplaces in its house of brands: Etsy, reverb, depop, and elo7

Etsy July 2022 Investor Presentation

Etsy vs EBAY vs SHOP vs W vs MELI price
Data by YCharts

Etsy Q3 earnings quarterly revenue performance vs analysts estimates

Seeking Alpha / Author's Work

Etsy Q3 earnings results - top and bottom line performance

Etsy Q3'22 Earnings Presentation

Etsy q3 earnings quarterly eps performance vs expectations

Seeking Alpha / Author's Work

Etsy buyer trends remained stable in q3

Etsy Q3'22 Earnings Presentation

Etsy buyer acquisition is above pre-pandemic levels

Etsy Q3'22 Earnings Presentation

Etsy is making shopping easier and more personalised

Etsy Q3'22 Earnings Presentation

Etsy annual core financial metrics

Etsy / Author's Work

Etsy quarterly key financial trends

Etsy / Author's Work

Etsy stock share price valuation model

Seeking Alpha / Author's Work

This article was written by

Stocks and Savings profile picture
1.89K Followers
We're Andreea & Jamie, two finance professionals based in the UK with a passion for helping others to learn about investing & personal finance. Follow our Instagram @stocksandsavings for daily investing content!

Disclosure: I/we have a beneficial long position in the shares of ETSY, AMZN, SHOP, MELI, SQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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