Etsy, Inc. Reports First Quarter 2022 Results – PR Newswire

BROOKLYN, N.Y., May 4, 2022 /PRNewswire/ — Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced results for its first quarter ended March 31, 2022.

First quarter 2022 performance highlights include:

• Consolidated GMS was $3.3 billion, up 3.5% year-over-year; while Etsy marketplace GMS was $2.8 billion, down 2.0% year-over-year, and up 177% compared to the first quarter of 2019. In addition to comparing to very high growth in the prior year period, Etsy marketplace GMS performance was impacted by headwinds related to consumer discretionary spending, continued reopenings, and geopolitical events.
  
• The Etsy marketplace acquired approximately 7 million new buyers, continuing to be a meaningfully elevated rate of new buyer acquisition when compared to pre-pandemic levels.
  
• Non-U.S. GMS for the Etsy marketplace was 45% of overall GMS, and increased 5% year-over-year on…

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source: https://news.oneseocompany.com/2022/05/04/etsy-inc-reports-first-quarter-2022-results-pr-newswire_2022050419172.html

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