Etsy (NASDAQ:ETSY) Q2 Earnings Drops While Revenue Rises; Q3 Guidance Set

Etsy (NASDAQ:ETSY) reported Q2 net income of $0.45 per diluted share, down from $0.51 a year earlier.

Analysts surveyed by Capital IQ expected $0.43.

Revenue for the quarter ended June 30 was $628.9 million, up from $585.1 million a year earlier.

Analysts polled by Capital IQ expected $617.4 million.

As of June 30, 2023, the company’s marketplace of active sellers and active buyers stood at 8.3 million, up 12.3%, and 96.3 million, up 2.5%, respectively.

The e-commerce company said it expects Q3 revenue in the range of $610 million to $645 million. Analysts polled by Capital IQ are expecting $631 million.

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