ETSY INC SEC 10-Q Report

Etsy Inc., a leading online marketplace for unique and creative goods, has released its latest Form 10-Q report, detailing the company's financial and operational performance for the recent quarter. The report highlights steady revenue growth, improved profitability, and strategic business initiatives aimed at sustaining long-term growth. Financial Highlights Total Revenue: $678.0 million, increased by 2.4% compared to the same period last year, driven by a rise in services revenue.Gross Profit: $483.4 million, representing a 1.4% increase year-over-year, reflecting improved cost management.Operating Income: $82.7 million, a slight decrease from the previous year, indicating stable operational efficiency despite increased marketing expenses.Net Income: $75.5 million, up 31.6% from the prior year, benefiting from higher interest and other income.Net Income Per Share (Basic): $0.76, reflecting a significant improvement over the previous year's $0.50, driven by increased net income.Net Income Per Share (Diluted): $0.63, compared to $0.45 in the prior year, indicating enhanced profitability per share. Business Highlights Revenue Segments: Etsy's revenue is divided into Marketplace and Services. Marketplace revenue decreased by 1.7% due to the sale of Reverb and a decline in transaction fee revenue, while Services revenue increased by 12.7% driven by higher advertising revenue.Geographical Performance: The United States remains the largest market, contributing 74% of the Etsy marketplace's GMS for both the three and nine months ended September 30, 2025. The United Kingdom and other regions also contribute significantly.Sales Units: Etsy's marketplaces connected 8.5 million active sellers and 93.2 million active buyers globally as of September 30, 2025. The Etsy marketplace GMS per active buyer on a trailing twelve-month basis declined 1.6% year-over-year to $121.Future Outlook: Etsy plans to focus on building a sustainable competitive advantage for its marketplace, growing in core geographies and globally, and leveraging its expertise in running two-sided marketplaces. The company is also investing in technology infrastructure, product development, marketing, and customer support to support its strategy.SEC Filing: ETSY INC [ ETSY ] - 10-Q - Oct. 29, 2025