Etsy 2015 Annual Report Download - page 59
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Revenue:
Marketplace 58.5 % 58.3 % 56.5 % 51.3 % 51.5 % 49.7 % 49.1 % 45.3 %
Seller Services 39.1 39.0 40.7 47.3 46.6 48.5 49.2 53.7
Other 2.4 2.7 2.8 1.4 1.9 1.8 1.7 1.0
Total revenue 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Cost of revenue 38.0 40.8 38.0 35.1 35.4 35.7 36.8 34.4
Gross profit 62.0 59.2 62.0 64.9 64.6 64.3 63.2 65.6
Operating expenses:
Marketing 18.4 20.6 18.5 22.5 20.9 25.3 25.2 25.6
Product development 19.8 20.7 21.2 15.0 17.1 16.4 17.4 12.8
General and administrative 22.7 26.8 28.7 27.1 34.9 28.7 23.2 17.7
Total operating expenses 61.0 68.1 68.4 64.6 72.9 70.5 65.8 56.1
Income (loss) from operations 1.0 (8.9) (6.4) 0.3 (8.3) (6.2) (2.5) 9.6
Total other (expense) income, net (1.7) 0.6 (2.4) (3.7) (35.9) 3.8 (1.7) (7.2)
(Loss) income before income taxes (0.6) (8.4) (8.8) (3.5) (44.2) (2.4) (4.3) 2.4
(Provision) benefit for income taxes (0.5) 1.0 (4.4) (4.8) (18.3) (8.0) (6.2) (7.2)
Net loss (1.1) (7.4) (13.2) (8.3) (62.5) (10.4) (10.5) (4.8)
Other financial and operations data(1):
GMS $ 414,833 $ 438,472 $ 467,202 $ 611,474 $ 531,915 $ 546,197 $ 568,787 $ 741,488
Adjusted EBITDA $ 6,103 $ 3,432 $ 4,248 $ 9,298 $ 6,673 $ 4,061 $ 6,224 $ 14,049
Active sellers 1,135 1,191 1,284 1,353 1,428 1,484 1,533 1,563
Active buyers 15,260 16,490 18,102 19,810 20,837 21,697 22,603 24,046
Percent mobile visits 50.2% 53.0% 55.0% 56.0% 57.7% 60.0% 60.0% 61.0%
Percent mobile GMS 35.2% 36.0% 38.0% 38.0% 41.4% 43.0% 44.0% 44.0%
Percent international GMS 30.6% 30.9% 31.6% 30.6% 30.5% 30.2% 29.3% 29.2%
(1) See “—Key Operating and Financial Metrics” for the definitions of the following terms: “active buyer,” “active seller,” “GMS” and “mobile visit.” See “—Non-GAAP
Financial Measures” for the definition of Adjusted EBITDA.
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