ETSY has posted good Q2 results - which might be of interest to board members. I have not seen very much discussion on ETSY on this board. (sorry for the lack of formatting I’m not sure how to do bold or italic or any other formatting for that matter)
Total revenue was $428.7 million for the second quarter of 2020, up 136.7% year-over-year.
Gross profit for the second quarter of 2020 was $317.4 million, up 159.1% year-over-year, and gross margin was 74.0%, up 640 basis points compared with 67.6% in the second quarter of 2019.
Total operating expenses were $198.2 million in the second quarter of 2020, up 89.4% year-over-year, and represented 46.2% of revenue, compared to 57.8% in the second quarter of 2019.
Net income for the second quarter of 2020 was $96.4 million, with diluted earnings per share of $0.75.
Non-GAAP Adjusted EBITDA for the second quarter of 2020 was $150.6 million and grew 279.4% year-over-year. Non-GAAP Adjusted EBITDA margin (i.e., non-GAAP Adjusted EBITDA divided by revenue) was 35.1% in the second quarter of 2020, up 1,320 basis points year-over-year.
Cash, cash equivalents, short- and long-term investments were $1.1 billion as of June 30, 2020.
Q3 guidance is for revenue Year-over-year growth of 85-115%. The
I have not looked into the company in detail; but the earnings stood out to me.
https://investors.etsy.com/press-releases/press-release-deta…
(I hold no position in ETSY)