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

Etsy reported strong Q3 2025 results with consolidated revenue reaching $678.0M, up 6.1% YoY excluding Reverb. Gross Merchandise Sales (GMS) totaled $2.72B, growing 0.9% YoY on a comparable basis. Net income increased to $75.5M, with an 11.1% margin. The company maintained robust profitability with Adjusted EBITDA of $171.9M and a 25.4% margin.The Etsy marketplace saw GMS of $2.43B, down 2.4% YoY but showing sequential improvement. Mobile app GMS grew 5% YoY, representing 46% of total GMS. The platform maintained 86.6M active buyers and 5.5M active sellers. Depop demonstrated strong momentum with GMS up 39.4% YoY to $292.1M, driven by 59% growth in the U.S. market.For Q4 2025, Etsy projects GMS of $3.5-3.65B with a take rate of approximately 24.5% and Adjusted EBITDA margin around 24%. The company ended Q3 with $1.6B in cash and investments, having repurchased $120M in shares during the quarter.

Etsy reported strong Q3 2025 results with consolidated revenue reaching $678.0M, up 6.1% YoY excluding Reverb. Gross Merchandise Sales (GMS) totaled $2.72B, growing 0.9% YoY on a comparable basis. Net income increased to $75.5M, with an 11.1% margin. The company maintained robust profitability with Adjusted EBITDA of $171.9M and a 25.4% margin.The Etsy marketplace saw GMS of $2.43B, down 2.4% YoY but showing sequential improvement. Mobile app GMS grew 5% YoY, representing 46% of total GMS. The platform maintained 86.6M active buyers and 5.5M active sellers. Depop demonstrated strong momentum with GMS up 39.4% YoY to $292.1M, driven by 59% growth in the U.S. market.For Q4 2025, Etsy projects GMS of $3.5-3.65B with a take rate of approximately 24.5% and Adjusted EBITDA margin around 24%. The company ended Q3 with $1.6B in cash and investments, having repurchased $120M in shares during the quarter.