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Etsy Inc (ETSY.OQ)

ETSY.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Etsy announces $100 million stock repurchase program
Friday, 17 Nov 2017 04:01pm EST 

Nov 17 (Reuters) - Etsy Inc :Etsy announces $100 million stock repurchase program.Etsy Inc - ‍program will help offset dilutive impact of recent and future employee stock option exercises and restricted stock vesting​.Etsy Inc - ‍repurchases under stock repurchase program will be funded from co's existing cash and cash equivalents or future cash flow​.  Full Article

Etsy posts Q3 earnings per share $0.21
Monday, 6 Nov 2017 04:29pm EST 

Nov 6 (Reuters) - Etsy Inc :Etsy Inc reports accelerated gms growth in third quarter 2017.Q3 earnings per share $0.21.Q3 revenue $106.4 million versus I/B/E/S view $105 million.Q3 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.Etsy Inc sees ‍2017 revenue year-over-year growth 18-20 pct​.FY2017 revenue view $435.7 million -- Thomson Reuters I/B/E/S.  Full Article

Etsy to reduce 23 pct of headcount by about 245 positions
Thursday, 3 Aug 2017 04:10pm EDT 

Aug 3 (Reuters) - Etsy Inc :Etsy, Inc. reports second quarter 2017 financial results.Q2 earnings per share $0.10.Q2 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Q2 revenue $101.7 million versus I/B/E/S view $101.2 million.Etsy Inc - ‍identified approximately $20 million in 2017 expense reductions, which we expect to result in approximately $35 million in annualized cost savings​.Etsy Inc - ‍savings will be realized through a combination of headcount reductions, reduced third-party expenses, and programming costs​.Etsy Inc - actions to ‍streamline cost structure included reducing headcount by about 245 positions, or about 23% of headcount at end of 2016​.Etsy Inc - ‍paused brand marketing initiatives for remainder of 2017 and have redirected a portion of that spend to digital acquisition marketing​.Etsy Inc sees ‍2017 revenue year-over-year growth 18-20%​.Etsy Inc - sees FY ‍GMS up 12-14%​.Etsy Inc sees ‍2017 adjusted EBITDA margin 16-18%​.FY2017 revenue view $435.0 million -- Thomson Reuters I/B/E/S.  Full Article

Etsy names Mike Fisher as chief technology officer
Monday, 31 Jul 2017 07:00am EDT 

July 31 (Reuters) - Etsy Inc :Etsy appoints Mike Fisher as chief technology officer.Etsy Inc - ‍has appointed Mike Fisher as chief technology officer, effective immediately​.  Full Article

Etsy says May restructuring plan severance charges and other exit costs expected to higher than previously estimated
Wednesday, 21 Jun 2017 09:23am EDT 

June 21 (Reuters) - Etsy Inc :Etsy inc - originally estimated severance charges and other exits costs of $4.5 million to $6 million relating to may restructuring plan - sec filing.Etsy inc - may restructuring plan severance charges and other exit costs are now expected to be in range of $6.5 million to $8 million.  Full Article

Etsy comments on 13D filings
Monday, 15 May 2017 06:21pm EDT 

May 15 (Reuters) - Etsy Inc ::Etsy comments on 13D filings.Etsy Inc - commented on schedule 13D filings by TPG Group Holdings (SBS) Advisors, Inc. and Dragoneer Investment Group, Llc.Etsy Inc - now reviewing strategic and operational plans.Etsy Inc- "board will carefully consider all options to enhance shareholder value, following etsy's review of its strategic and operational plans".  Full Article

TPG Group Holdings Advisors Inc. reports 4.3 percent stake in Etsy Inc
Monday, 15 May 2017 05:26pm EDT 

May 15 (Reuters) - Etsy Inc :TPG Group Holdings (SBS) Advisors Inc reports 4.3 percent stake in Etsy Inc as of May 4, 2017 - SEC filing.  Full Article

Etsy Q1 earnings per share view $0.00
Tuesday, 2 May 2017 04:13pm EDT 

May 2 (Reuters) - Etsy Inc :Etsy inc - qtrly earnings per share $0.00 .Qtrly revenue $96.9 million versus $81.8 million last year .Etsy, inc. Reports first quarter 2017 financial results.Q1 revenue $96.9 million versus i/b/e/s view $98.4 million.Etsy inc - appointed josh silverman, a director on board since november 2016, as ceo, effective may 3, 2017..Etsy inc - company also announced that etsy board of directors has appointed josh silverman as ceo, effective may 3, 2017.Etsy inc - in light of leadership transition, etsy's new management team will review company's 2017 guidance.Josh succeeds chad dickerson, who will step down as ceo and chair of board of directors.Chad will serve in an advisory role to company through may 31, 2017.Etsy inc - john allspaw, chief technology officer, will be leaving company.John allspaw, chief technology officer, will be leaving company and mike brittain, vp of engineering, will be named interim cto..Etsy inc - expect to eliminate approximately 80 positions, which is approximately 8% of total workforce..Etsy inc says that john allspaw, chief technology officer, will be leaving company.Fred wilson will succeed chad dickerson as chair of board.Etsy inc - in light of leadership transition, etsy's new management team will review company's 2017 guidance..Etsy inc - company plans to provide guidance in conjunction with announcement of its q2 2017 results..Q1 revenue view $98.4 million -- Thomson Reuters I/B/E/S.  Full Article

Black-And-White Capital LP urging Etsy to explore strategic alternatives - Bloomberg
Tuesday, 2 May 2017 10:02am EDT 

May 2 (Reuters) - :Hedge fund Black-And-White Capital LP urging Etsy to explore strategic alternatives, including a possible sale - Bloomberg.  Full Article

black-and-white Capital calls for review at Etsy, including a sale
Tuesday, 2 May 2017 10:00am EDT 

May 2 (Reuters) - black-and-white Capital:black-and-white capital calls for change at Etsy.Identifies a number of critical operational and governance flaws that require immediate improvement in Etsy.Says necessity of exploring strategic alternatives in order to maximize value for all shareholders.Sees company's intrinsic value approaching $30 per share with operational improvements.Says for past several months, black-and-white has attempted to engage in a private dialogue with Etsy's board.Believes it is board's fiduciary duty to immediately consider all strategic alternatives available, including possible sale of entire co.  Full Article

BRIEF-Etsy announces $100 million stock repurchase program

* Etsy Inc - ‍program will help offset dilutive impact of recent and future employee stock option exercises and restricted stock vesting​