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.
You might also like
| 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. |
-
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?
-
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?
-
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?
-
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?
-
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?
Research analysts who have asked questions during ETSY earnings calls.
Nikhil Devnani
Bernstein
4 questions for ETSY
Bryan Smilek
JPMorgan Chase & Co.
3 questions for ETSY
Eric Sheridan
Goldman Sachs
3 questions for ETSY
Maria Ripps
Morgan Stanley
3 questions for ETSY
Ygal Arounian
Citigroup
3 questions for ETSY
Youssef Squali
Truist Securities
3 questions for ETSY
Anna Andreeva
Piper Sandler
2 questions for ETSY
John Colantuoni
Jefferies
2 questions for ETSY
Marvin Fong
BTIG, LLC
2 questions for ETSY
Michael Morton
MoffettNathanson
2 questions for ETSY
Naved Khan
B. Riley Securities
2 questions for ETSY
Robert Coolbrith
Evercore ISI
2 questions for ETSY
Shweta Khajuria
Wolfe Research, LLC
2 questions for ETSY
Steve Forbes
Guggenheim
2 questions for ETSY
Bernard McTernan
Needham & Company
1 question for ETSY
Chris Kuntarich
UBS Group
1 question for ETSY
Curtis Nagle
Bank of America
1 question for ETSY
Deepak Mathivanan
Cantor Fitzgerald
1 question for ETSY
Edward Yruma
Piper Sandler & Co.
1 question for ETSY
Jason Helfstein
Oppenheimer & Co. Inc.
1 question for ETSY
Kenneth Gawrelski
Wells Fargo & Company
1 question for ETSY
Lee Horowitz
Deutsche Bank
1 question for ETSY
Maria Rips
Canaccord
1 question for ETSY
Mark Kelley
Stifel, Nicolaus & Company, Incorporated
1 question for ETSY
Nathaniel Feather
Morgan Stanley
1 question for ETSY
Nicholas Jones
Citizens JMP
1 question for ETSY
Scott Devitt
Wedbush Securities
1 question for ETSY
Steven Forbes
Guggenheim Securities, LLC
1 question for ETSY
Trevor Young
Barclays
1 question for ETSY
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 press releases and 8-K filings for ETSY.
- Amplify ETFs was named "Best Crypto-Linked ETF Issuer ($100 million–$1 billion)" by ETF Express on November 6, 2025.
- As of November 4, 2025, Amplify manages over $1.35 billion in assets across six crypto-related ETFs, with three additional digital asset-focused strategies registered.
- The firm launched the first actively managed blockchain ETF, Amplify Blockchain Technology ETF (BLOK), in 2018.
- As of October 31, 2025, BLOK has achieved a 60.36% NAV year-to-date return and a 345.77% NAV return since its inception on January 16, 2018.
- Etsy announced a CEO transition, with Kruti Patel Goyal set to succeed Josh Silverman as CEO starting January 1, 2026. Silverman will remain Executive Chair through 2026, and Board Chair Fred Wilson will step down from his role but stay on the board.
- Goyal's prior leadership at Depop saw gross merchandise sales jump 39.4% to $292.1 million in Q3 2025, contrasting with Etsy's overall declines in GMS and active buyers.
- For Q3 2025, Etsy reported an increase in earnings and revenue, surpassing analyst expectations, despite a 5% decline in active buyers and a 6.5% drop in gross merchandise sales.
- The company has revised its gross merchandise sales outlook lower for Q4 2025 to between $3.5 billion and $3.65 billion, below the $3.7 billion GMS of Q4 2024, signaling expectations of slower demand.
- Etsy announced a CEO transition, with Josh Silverman moving to Executive Chair and Kruti Patel Goyal becoming CEO effective January 1, 2026.
- The company reported Q3 2025 results exceeding expectations on GMS, revenue, and adjusted EBITDA. Consolidated GMS was $2.72 billion, and consolidated revenue was $678 million, representing 0.9% and 6.1% year-over-year growth respectively (excluding Reverb). Adjusted EBITDA was $172 million with a 25.4% margin.
- Depop's GMS accelerated 39.4% year-over-year to $292 million in Q3 2025, driven by new user growth and improvements in buyer conversion.
- Etsy provided Q4 2025 guidance, expecting consolidated GMS between $3.5 billion and $3.65 billion, and an adjusted EBITDA margin of approximately 24%.
- In Q3 2025, Etsy repurchased 2.1 million shares for approximately $120 million, contributing to a 17% reduction in share count since December 2023.
- Josh Silverman will transition from CEO to Executive Chair, with Kruti Patel Goyal appointed as the new CEO, effective January 1, 2026.
- For Q3 2025, consolidated GMS reached $2.72 billion, exceeding guidance, and consolidated revenue grew 6.1% year over year (excluding Reverb) to $678 million. Adjusted EBITDA was $172 million, representing a 25.4% margin.
- Etsy Marketplace GMS was $2.43 billion, down 2.4% year over year, but improved 300 basis points sequentially. Depop's GMS grew 39.4% year over year to $292 million.
- Etsy became the first live partner for OpenAI's Instant Checkout feature, allowing direct purchases through ChatGPT. Mobile app GMS accelerated to mid-single-digit year-over-year growth, contributing 46% of total GMS.
- Management expects further sequential improvement in the year-over-year growth rate for both consolidated and Etsy business at the midpoint of their Q4 2025 guidance.
- Q3 2025 consolidated revenue reached $678 million, an increase of 6.1% year-over-year excluding Reverb, with consolidated GMS at $2.7 billion, up 0.9% year-over-year excluding Reverb.
- Adjusted EBITDA for Q3 2025 was $172 million, achieving a 25.4% margin, and the consolidated take rate expanded 220 basis points year-over-year to 24.9%.
- Etsy marketplace GMS was $2.4 billion, a 2.4% year-over-year decrease, and active buyers declined 5.0% year-over-year to 86.6 million.
- The company generated $205 million in consolidated free cash flow and executed ~$120 million in share repurchases during Q3 2025.
- For Q4 2025, Etsy anticipates GMS between $3.5 billion and $3.65 billion, a take rate of approximately 24.5%, and an Adjusted EBITDA Margin of approximately 24%.
- Etsy announced a CEO transition, with Josh Silverman stepping down to become Executive Chair and Kruti Patel Goyal taking over as CEO effective January 1, 2026.
- The company's Q3 2025 results exceeded expectations across GMS, revenue, and adjusted EBITDA, with combined Etsy and Depop GMS returning to year-over-year growth.
- Etsy Marketplace GMS improved sequentially by approximately 300 basis points to $2.43 billion, while Depop's GMS accelerated 400 basis points sequentially, growing 39.4% year over year to $292 million.
- Etsy became the first live partner for OpenAI's Instant Checkout feature through ChatGPT, processing purchases via Etsy Payments and paying a success-based transaction fee to OpenAI. The company is also making significant investments in AI-powered personalization and a Depop brand campaign.
- Etsy, Inc. reported Q3 2025 consolidated revenue of $678.0 million, an increase of 6.1% year-over-year excluding Reverb, and net income of $75.5 million, up 31.6% year-over-year.
- Consolidated Gross Merchandise Sales (GMS) for Q3 2025 reached $2,724.7 million, growing 0.9% year-over-year excluding Reverb, with a 24.9% take rate and Adjusted EBITDA of $171.9 million.
- The company repurchased approximately $120 million, or 2.1 million shares, of its common stock during the third quarter of 2025.
- For Q4 2025, Etsy anticipates consolidated GMS to be between $3.5 billion and $3.65 billion, with a take rate of approximately 24.5% and an Adjusted EBITDA Margin of approximately 24%.
- For Q3 2025, Etsy reported consolidated revenue of $678.0 million, representing a 6.1% year-over-year increase excluding Reverb, and net income of $75.5 million, leading to diluted net income per share of $0.63.
- Consolidated Gross Merchandise Sales (GMS) was $2,724.7 million, up 0.9% year-over-year excluding Reverb, with Depop's GMS growing 39.4% year-over-year to $292.1 million.
- Non-GAAP Adjusted EBITDA for the quarter was $171.9 million, with a consolidated margin of approximately 25.4%.
- Etsy ended the third quarter with $1.6 billion in cash and cash equivalents and short- and long-term investments and repurchased approximately $120 million of its common stock.
- The company provided Q4 2025 guidance, projecting consolidated GMS between $3.5 billion and $3.65 billion, a Take Rate of approximately 24.5%, and an Adjusted EBITDA Margin of approximately 24%.
- Kruti Patel Goyal will become Etsy's Chief Executive Officer and President, effective January 1, 2026, and will also join the Board of Directors.
- Current CEO, Josh Silverman, will step down on December 31, 2025, and transition to Executive Chair through December 31, 2026.
- As CEO, Ms. Patel Goyal's compensation will include an annual base salary of $700,000 and a promotion equity award with an aggregate grant date fair value of approximately $16,000,000.
- As Executive Chair, Mr. Silverman will receive an annual base salary of $420,000 and an award of PSUs with a grant date value of approximately $8,000,000.
- Amplify ETFs has launched two new exchange-traded funds (ETFs): the Amplify Ethereum 3% Monthly Option Income ETF (ETTY) and the Amplify Ethereum Max Income Covered Call ETF (EHY).
- These new ETFs are part of Amplify's YieldSmart™ suite and are designed to provide investors with a combination of high monthly income and Ether growth exposure through actively managed covered call strategies.
- ETTY targets 36% annual option premium income, aiming to deliver 3% monthly income by writing 5-10% out-of-the-money weekly call options on a portion of its Ether exchange-traded products (ETPs).
- EHY is optimized for maximum monthly option income, seeking to generate 50-80% annualized option premium income by writing weekly, 5-10% out-of-the-money covered call options on Ether ETPs across the entire portfolio.
- Both funds utilize weekly options for more frequent premium collection and gain Ether exposure through ETPs and synthetic options, rather than investing directly in Ether.