Etsy Q2 2025 Earnings Preview: GMS Under Macro Pressure

GuruFocus
2025.07.29 12:09
portai
I'm PortAI, I can summarize articles.

Etsy is set to report its Q2 2025 earnings on July 30, with consensus estimates of EPS at $0.48 and revenue at $647.4 million, indicating flat revenue and 17% EPS growth. Shares have risen 60% since April but remain below their 52-week high. Investors are keen to see if Etsy can boost Gross Merchandise Sales after last year's stagnation, with key indicators including active-buyer counts and ad conversion rates. Management aims to maintain a 25% adjusted EBITDA margin, while guidance on cost discipline and ad monetization will be crucial.