Etsy: Online shopping
- Etsy $ETSY-1.0% offers an online marketplace for handmade and vintage items from artisans around the world, making it well-known among online buyers.
- In earlier phases of the pandemic, $ETSY-1.0% saw a surge in sales as people preferred to shop online from the comfort of their homes. However, the recent period has brought some challenges, especially in the face of higher interest rates that have limited consumers' discretionary purchases.
- Despite these short-term challenges ,$ETSY-1.0% has strong positive points that allow it to overcome the current difficulties. The number of active buyers reached a record 91.6 million, while the number of repeat buyers grew by nearly 3%.
-$ETSY-1.0%'s business model is capital-light, allowing it to generate free cash flow. In the most recent quarter, for example, more than 90% of adjusted EBITDA was converted to free cash. In addition, Etsy has more than $1.1 billion in cash on hand.
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