Etsy Inc Stock Price, News & Analysis

Etsy reported mixed Q1 2025 results with consolidated GMS (Gross Merchandise Sales) of $2.8 billion, down 6.5% year-over-year. Revenue grew slightly by 0.8% to $651.2 million, driven by advertising revenue and seller fees.

Key metrics show some challenges: active buyers decreased 3.4% to 88.5 million, while habitual buyers dropped 11% to 6.2 million. The company posted a net loss of $52.1 million, including a $101.7 million goodwill impairment charge for Reverb, which Etsy plans to sell.

Despite headwinds, there were positive developments: Depop achieved its highest quarterly GMS since acquisition, the Etsy app reached record GMS share, and adjusted EBITDA margin remained healthy at 26.3%. The company is focusing on AI and machine learning to enhance user experience, with notable improvements in app metrics and buyer engagement.

Looking ahead, Q2 2025 guidance suggests similar to slightly better GMS decline rates compared to Q1, with an expected adjusted EBITDA margin of ~25%.

Etsy (Nasdaq: ETSY) has scheduled the release of its first quarter 2025 financial results before market opening on Wednesday, April 30, 2025. The company, which operates online marketplaces connecting buyers and sellers globally, will host a video webcast conference call at 8:30 a.m. Eastern Time on the same day.

The earnings release and conference call details will be accessible through the Etsy Investor Relations website. Research analysts will have the opportunity to ask questions during the call, and an earnings presentation will be posted on the website. A replay of the webcast will be available for at least three months following the call, starting at 12:00 p.m. Eastern Time.

Etsy (NASDAQ: ETSY) has announced the appointment of Rafe Colburn as Chief Technology Officer (CTO), effective May 5, 2025. Colburn currently serves as Chief Technology & Product Officer at Depop, and previously spent nearly 10 years at Etsy leading engineering teams across various critical areas.

In his role at Depop, Colburn successfully scaled the technology team and transformed the customer experience to be more app-based and discovery-centric. His previous experience at Etsy included leadership in ads, marketing technology, seller experience, trust & safety, and customer support.

The appointment comes as part of broader executive changes, with Peter Semple being appointed interim CEO of Depop and Kruti Patel Goyal transitioning to President and Chief Growth Officer at Etsy. Colburn will be based at Etsy's Brooklyn headquarters and report directly to CEO Josh Silverman.

Etsy (NASDAQ: ETSY) has announced a significant inducement grant under Nasdaq Listing Rule 5635(c)(4) for its new Chief Financial Officer, Lanny Baker. The grant, issued on March 17, 2025, consists of 45,064 performance stock units (PSUs) of Etsy's common stock.

The PSUs were granted under the Etsy, Inc. 2024 Inducement Plan, established on December 12, 2024, as a material inducement for Baker, who joined the company on January 1, 2025. The performance-based units will be earned based on specific performance targets set by Etsy's Compensation Committee and vest over a three-year period, contingent upon continued employment.

Etsy (Nasdaq: ETSY) has announced its participation in several upcoming investor conferences in March 2025. The company will feature in a webcasted fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 5 at 4:05 p.m. PST, accessible via their investor relations website.

Additionally, Etsy executives will attend non-webcasted investor meetings at multiple events including: the JMP Technology Conference in San Francisco (March 4), the Deutsche Bank 33rd Annual Media, Internet & Telecom Conference in Palm Beach (March 10), the Cantor Global Technology Conference in New York City (March 11), and Moffett Nathanson's Future of eCommerce roundtable event in New York City (March 19).

Etsy (NASDAQ: ETSY) reported its Q4 and full-year 2024 results, achieving record quarterly revenue of $852.2 million, up 1.2% year-over-year. However, consolidated Gross Merchandise Sales (GMS) declined 6.8% to $3.7 billion. The company maintained strong profitability with net income increasing 56% to $129.9 million and Adjusted EBITDA reaching a record $250.6 million.

Key metrics showed mixed performance: active buyers decreased 2.6% to 89.6 million, while habitual buyers declined 9.5% to 6.4 million. Depop achieved its highest quarterly GMS since acquisition, contributing to 31.6% full-year growth. The company ended 2024 with $1.2 billion in cash and investments, repurchasing approximately $260 million worth of shares in Q4.

For Q1 2025, Etsy expects GMS decline similar to Q4 2024, with a projected take rate of ~23% and Adjusted EBITDA margin of 25-26%.

Etsy (Nasdaq: ETSY) has announced it will release its fourth quarter and year end 2024 financial results before market opening on Wednesday, February 19, 2025. The company will host a video webcast conference call at 8:30 a.m. Eastern Time on the same day to discuss the results.

The press release and earnings call presentation will be accessible on Etsy's Investor Relations website. Research analysts will have the opportunity to ask questions during the live call. A replay of the webcast will be available through the same link following the conference call from 12:00 p.m. Eastern Time and will remain accessible for at least three months.

Etsy (Nasdaq: ETSY) has announced an inducement grant of 99,593 restricted stock units to Lanny Baker, who joined as Chief Financial Officer on January 1, 2025. The grant, effective February 3, 2025, was made under the 2024 Inducement Plan as a material inducement for employment.

The vesting schedule includes 25% after one year, with the remaining units vesting quarterly over three years, contingent on continued employment. The 2024 Inducement Plan, adopted on December 12, 2024, is specifically designed for new hires or rehires following non-employment periods, in compliance with Nasdaq Listing Rule 5635(c)(4).

Etsy operates multiple online marketplaces including Etsy.com, Reverb, and Depop, connecting creative buyers and sellers globally under the mission to 'Keep Commerce Human'.

Etsy announces significant executive changes effective January 2025. Kruti Patel Goyal, current CEO of Depop subsidiary, is appointed as President and Chief Growth Officer, overseeing Product, Marketing, Member Support, Trust and Safety, and Strategy. Lanny Baker, from Eventbrite, joins as Chief Financial Officer, succeeding Rachel Glaser. Brad Minor is promoted to Chief Marketing Officer.

The company also announces the departures of Raina Moskowitz (Chief Operating and Marketing Officer) and Rachana Kumar (Chief Technology Officer). These changes aim to strengthen Etsy's shopping experience, deepen customer engagement, and reignite growth. Under Patel Goyal's leadership, Depop has shown strong performance, with gross merchandise sales up 30% for the nine months ended September 2024.