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Etsy Inc | 8-K: Etsy, Inc. Reports Second Quarter 2025 Results

Etsy Inc | 8-K:Etsy, Inc. 公佈2025年第二季度業績
美股SEC公告 ·  2025/07/30 19:01

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Etsy reported Q2 2025 revenue of $672.7M, up 3.8% YoY, with a take rate of 24.0%. However, GMS declined 4.8% to $2.8B, while net income fell 45.6% to $28.8M due to foreign exchange losses. The company completed the sale of Reverb on June 2, 2025, which contributed $153M in GMS and $17.6M in revenue during the quarter.The core Etsy marketplace saw GMS decline 5.4% to $2.4B, though trends improved throughout the quarter with App GMS growing YoY. Active buyers decreased 4.6% to 87.3M, while GMS per active buyer stabilized at $120. Depop showed strong performance with GMS up 35.3% to $249.6M, driven by 54% growth in the US.Looking ahead, Etsy projects Q3 2025 GMS of $2.6-2.7B with a take rate of ~24.5% and Adjusted EBITDA margin of ~25%. The company ended Q2 with $1.5B in cash and investments after raising $700M through convertible notes and repurchasing $335M in stock.
Etsy reported Q2 2025 revenue of $672.7M, up 3.8% YoY, with a take rate of 24.0%. However, GMS declined 4.8% to $2.8B, while net income fell 45.6% to $28.8M due to foreign exchange losses. The company completed the sale of Reverb on June 2, 2025, which contributed $153M in GMS and $17.6M in revenue during the quarter.The core Etsy marketplace saw GMS decline 5.4% to $2.4B, though trends improved throughout the quarter with App GMS growing YoY. Active buyers decreased 4.6% to 87.3M, while GMS per active buyer stabilized at $120. Depop showed strong performance with GMS up 35.3% to $249.6M, driven by 54% growth in the US.Looking ahead, Etsy projects Q3 2025 GMS of $2.6-2.7B with a take rate of ~24.5% and Adjusted EBITDA margin of ~25%. The company ended Q2 with $1.5B in cash and investments after raising $700M through convertible notes and repurchasing $335M in stock.
Etsy 報告 2025 年第二季度的營業收入爲 6.727 億美元,同比增長 3.8%,平台抽傭率爲 24.0%。然而,總商品銷售量(GMS)下降了 4.8%,降至 28 億美元,而凈利潤因外匯損失下降 45.6%,降至 2880 萬美元。公司於 2025 年 6 月 2 日完成了 Reverb 的出售,在本季度內 Reverb 貢獻了 1.53 億美元的 GMS 和 1760 萬美元的營業收入。核心 Etsy 市場的 GMS 下降了 5.4%,降至 24 億美元,但整個季度的趨勢有所改善,App GMS 同比增長。活躍買家減少了 4.6%,降至 8730 萬,而每位活躍買家的 GMS 穩定...展開全部
Etsy 報告 2025 年第二季度的營業收入爲 6.727 億美元,同比增長 3.8%,平台抽傭率爲 24.0%。然而,總商品銷售量(GMS)下降了 4.8%,降至 28 億美元,而凈利潤因外匯損失下降 45.6%,降至 2880 萬美元。公司於 2025 年 6 月 2 日完成了 Reverb 的出售,在本季度內 Reverb 貢獻了 1.53 億美元的 GMS 和 1760 萬美元的營業收入。核心 Etsy 市場的 GMS 下降了 5.4%,降至 24 億美元,但整個季度的趨勢有所改善,App GMS 同比增長。活躍買家減少了 4.6%,降至 8730 萬,而每位活躍買家的 GMS 穩定在 120 美元。Depop 表現強勁,GMS 增長了 35.3%,達到 2.496 億美元,這主要得益於美國市場的 54% 增長。展望未來,Etsy 預計 2025 年第三季度的 GMS 將爲 26-27 億美元,抽傭率約爲 24.5%,調整後的 EBITDA 利潤率約爲 25%。公司在第二季度末擁有 15 億美元的現金和投資,通過發行可轉換債券籌集了 7 億美元,並回購了 3.35 億美元的股票。

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