Etsy Sales Drop 3 Percent in 2nd Quarter of 2024

Etsy marketplace GMS (Gross Merchandise Sales) was down 2.9% in the 2nd quarter, year-over-year, on a currency-neutral basis. Adding in results for its other marketplaces, Etsy said consolidated GMS was down 1.9%. Etsy CEO Josh Silverman said in Wednesday’s press release announcing the quarterly earnings: “We are pleased that second quarter consolidated results included sequential […]

​ Etsy marketplace GMS (Gross Merchandise Sales) was down 2.9% in the 2nd quarter, year-over-year, on a currency-neutral basis. Adding in results for its other marketplaces, Etsy said consolidated GMS was down 1.9%. Etsy CEO Josh Silverman said in Wednesday’s press release announcing the quarterly earnings: “We are pleased that second quarter consolidated results included sequential