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Etsy, Inc. operates as a global online marketplace connecting millions of buyers and sellers, emphasizing creativity and human connection in commerce. The company offers a platform for unique and creative goods made by independent sellers, supporting them with tools and services to scale their businesses. Etsy's marketplaces include Etsy.com, Reverb, and Depop, each catering to different product categories and demographics.
- Marketplace Revenue - Generates income through transaction fees, payments revenue, and other fees related to its marketplaces, including Etsy, Depop, and Reverb.
- Services Revenue - Offers on-site advertising (Etsy Ads) and additional services like shipping labels to enhance seller capabilities.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brad Minor Executive | CMO | None | Brad Minor became CMO on January 3, 2025, after serving as Chief Brand Officer and VP of Brand Marketing & Communications at Etsy. He has led key brand strategy initiatives. | |
Colin Stretch Executive | Chief Legal Officer and Secretary | None | Colin Stretch has been CLO since February 2023. He previously served as General Counsel at Facebook (Meta) and has extensive legal and compliance expertise. | |
Josh Silverman Executive | CEO | Board Member at Shake Shack Inc. | Josh Silverman has been CEO since May 2017, leading Etsy's growth into a global marketplace with over 90 million buyers and 9 million sellers. | View Report → |
Kruti Patel Goyal Executive | President and Chief Growth Officer | None | Kruti Patel Goyal became President and Chief Growth Officer on January 1, 2025. She has been with Etsy since 2011, holding roles such as CPO and CEO of Depop. | |
Lanny Baker Executive | CFO | None | Lanny Baker became CFO on January 1, 2025, after serving as COO and CFO at Eventbrite and CFO at Yelp. He has over 20 years of experience in financial leadership. | |
Nicholas Daniel Executive | Chief Product Officer | None | Nicholas Daniel has been CPO since July 2022, leading Etsy's product development and overseeing Payments and Fulfillment functions since January 2024. | |
Toni Thompson Executive | CHRO | None | Toni Thompson became CHRO on January 1, 2024, after serving as VP of People & Talent Strategy at Etsy. She has extensive experience in HR leadership. | |
Fred Wilson Board | Chair of the Board | Founder and Partner at Union Square Ventures; Board Member at Coinbase Global | Fred Wilson has been Chair of the Board since May 2017. He is a venture capitalist with extensive experience in technology and e-commerce. | |
Gary S. Briggs Board | Director | Director at Petco Health & Wellness and Combe, Inc. | Gary Briggs has been a director since 2018. He has extensive experience in brand strategy and marketing, having held leadership roles at companies like Facebook and eBay. | |
Jonathan D. Klein Board | Director | Co-Founder and Board Member at Getty Images; Board Member at Pinterest, Jumia | Jonathan Klein has been a director since 2011. He is a co-founder of Getty Images and has extensive experience in digital media and e-commerce. | |
M. Michele Burns Board | Director | Board Member at Goldman Sachs, Anheuser-Busch InBev, and Lilium N.V. | Michele Burns has been a director since 2014. She brings expertise in corporate finance, accounting, and governance, with significant global experience. | |
Marc Steinberg Board | Director | Partner at Elliott Investment Management; Board Member at Pinterest, Nielsen | Marc Steinberg joined Etsy's Board in February 2024. He is a Partner at Elliott Investment Management and has extensive experience in investment management and corporate governance. | |
Margaret M. Smyth Board | Director | Board Member at Lilium N.V., Frontier Communications, and Remitly Global | Margaret Smyth has been a director since 2016. She is an expert in finance, accounting, and risk management, with significant international experience. | |
Marla Blow Board | Director | President and COO of Skoll Foundation; Director at Square Financial Services | Marla Blow has been a director since 2021. She has expertise in payments, financial services, and regulatory matters, with leadership experience in both private and public sectors. | |
Melissa Reiff Board | Director | Director at Cricut, Inc. | Melissa Reiff has been a director since 2015. She is the former CEO of The Container Store and brings expertise in retail, marketing, and executive leadership. |
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With the active seller count decreasing by 8.5% year-over-year to 6.2 million, how confident are you that this decline won't negatively impact the variety and availability of unique products on your platform, and what measures are you taking to ensure it doesn't hinder GMS growth?
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Given that Etsy marketplace GMS has declined by about 6% year-over-year despite your investments in foundational improvements, what specific strategies do you have in place to reverse this trend and drive GMS growth in the near term?
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In the current environment where consumers are prioritizing deep discounts and competitors are heavily promoting, how does Etsy plan to compete effectively without compromising its brand identity, and are you concerned that this approach could impact your market share?
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Despite increasing your consolidated marketing spend by 22% year-over-year, you've seen a 13% decline in new buyer additions; can you elaborate on the effectiveness of your marketing investments and what steps you're taking to improve buyer acquisition efficiency?
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Given the early stages of the Etsy Insider loyalty program and the cautious approach you're taking, how do you envision this program scaling to effectively drive repeat purchases and loyalty, and what timeline should investors expect for it to make a meaningful impact on your results?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Depop | 2021 | Etsy’s acquisition of Depop was completed on July 12, 2021 for approximately $1.625 billion, with a structure including a $1.479 billion cash consideration, a minor non-cash service-related award, and a holdback of $9.2 million pending final adjustments. This strategic deal aimed to tap into the Gen Z-dominant, fast-growing resale market by acquiring a peer-to-peer fashion resale platform with valuable assets such as developed technology, trademark, customer relationships, and significant goodwill, while allowing Depop to continue operating as a standalone entity. |
Recent developments and announcements about ETSY.
Earnings
New Earnings (Q4 2024)
·7 days agoView full earnings summary →Etsy’s Q4 2024 consolidated GMS fell 6.8% YoY, extending near-term sales challenges, yet Depop surged 32%, outpacing US fashion resale peers. Management’s pivot back to conversion-driving initiatives aims to revive Etsy’s GMS trajectory after Q1 2025.