Etsy Inc ( (ETSY) ) has released its Q2 earnings. Here is a breakdown of the information Etsy Inc presented to its investors.
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Etsy Inc. operates as a two-sided online marketplace connecting creative buyers and sellers globally, primarily in the e-commerce sector, with a focus on unique and handmade items. In its second quarter of 2025, Etsy reported a revenue increase of 3.8% year-over-year to $672.7 million, driven by on-site ads and payments, despite a 4.8% decline in Gross Merchandise Sales (GMS) to $2.8 billion. The company completed the sale of Reverb and raised $700 million through convertible notes, ending the quarter with $1.5 billion in cash and investments. Key performance metrics included a net income of $28.8 million, a decrease from the previous year due to foreign exchange losses, and an adjusted EBITDA of $169 million. Etsy’s strategic initiatives focused on enhancing the shopping experience through AI technologies and personalized marketing, while Depop, its fashion resale marketplace, saw a significant GMS growth of 35.3% year-over-year. Looking ahead, Etsy’s management remains optimistic about its financial flexibility and growth potential, with plans to continue investing in its marketplaces and maintaining strong profitability.