×
184
Fashion Jobs
ACTIVEWEAR & TECHNICAL TEXTILE DIVISION
Production Manager (Apparels/Garment)
Permanent · Ludhiana
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Jaipur
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
VISAGE BEAUTY AND HEALTH CARE
Area Sales Manager (Cosmetics/Skin Care Retail General Trade)
Permanent · Chennai
FORTUNE HR SOLUTIONS
General Manager - ie
Permanent · Tiruppur
ALUDECOR LAMINATION PVT LTD
Area Sales Manager - Patna
Permanent · Patna
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
RAKSHA PIPES PVT. LTD
Area Sales Manager
Permanent · Chennai
RENEWBUY
Area Sales Manager - Kolkata/Ranchi/Bhubaneswar
Permanent · Bhubaneswar
TRIDHAATU REALTY AND INFRA
Sales Manager - Real Estate (Closing)
Permanent · Mumbai
INFOGAIN
Production Support Manager- Opening
Permanent · Pune
ADD UR CO LLP
Production Manager
Permanent · Chennai
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
Published
May 10, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Etsy revenue up 24.8% in Q1, raises 2018 guidance

Published
May 10, 2018

Etsy continued to see revenues climb for the third consecutive quarter, prompting the online marketplace to raise its full-year guidance on Tuesday. 

Etsy revenue up 24.8% in Q1, raises 2018 guidance. - Facebook: Etsy


The craft-focused e-commerce platform reported gross merchandising sales (GMS) of $861.1 million in the first quarter ended March 31, 2018, up 19.8 percent, compared with the first quarter of 2017. The growth was primarily driven by a jump of 9.4 percent year-over-year in active sellers and a 16.9 percent year-over-year growth in active buyers. 
 
International GMS was also up at 35 percent in the first quarter of 2018, from 32 percent in the first quarter of 2017 and 33 percent in the fourth quarter of 2017. 

Total revenue was $120.9 million for the first quarter of 2018, up 24.8 percent year-over-year. The growth was driven by both Marketplace and Seller Services revenue, where Marketplace revenue grew 24.7 percent year-over-year, and Services revenue grew 35 percent year-over-year. 
 
Meanwhile, net income for the first quarter of 2018 was $13 million, with diluted earnings per share of $0.10, compared with a net loss of $0.4 million and a net loss per share of $0 in the first quarter of 2017. 
 
"Q1 was another strong quarter of both revenue and Adjusted EBITDA growth" said Rachel Glaser, Chief Financial Officer, in a news statement. "As an organization, we exercise a disciplined approach to resource investment, focusing our efforts on initiatives that we believe have highest probability to create long-term growth while continuously striving for operational efficiencies."
 
Following a slow 2016, Etsy launched a new strategy focused on growing the Etsy.com marketplace in their six core geographies and owning special purchase occasions throughout the year. The strategy is focused on four key initiatives—trust and reliability on Etsy.com, search and discovery, world-class marketing capabilities, and best-in-class seller tools and services.
 
In the first quarter of 2018, the company specifically invested resources in foundational work, which addressed three primary areas: technical debt, operational efficiency, and infrastructure imperatives.
 
As a result of strong first quarter results, the company raised its 2018 guidance for GMS growth, revenue growth and Adjusted EBITDA margin.
 
Etsy now expects revenue to be in the range of 22 to 24 percent compared with the previously forecasted range of 21 to 23 percent. GMS is expected to rise in the range of 16 to 18 percent, up from 14 to 16 percent.

Finally, the adjusted EBITDA margin is now projected to be in the range of 21 to 23 percent, as opposed to its earlier projection in the range of 20 to 22 percent.

Copyright © 2022 FashionNetwork.com All rights reserved.