Etsy, Inc. Q3 2025 Earnings Recap

ETSY Q3 2025 October 29, 2025

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Etsy's Q3 2025 earnings exceeded expectations with notable improvements in gross merchandise sales (GMS), revenue, and adjusted EBITDA as the company transitions leadership to Kruti Patel Goyal.

Earnings Per Share Beat

$0.63 vs $0.52 est.

+21.2% surprise

Revenue Miss

678026000 vs 884003890 est.

-23.3% surprise

Market Reaction

1-Day -12.8%

5-Day -18.32%

30-Day -29.01%

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Key Takeaways

Combined GMS for Etsy and Depop showed year-over-year growth, achieving $2.43 billion despite a 2.4% decline year-over-year for Etsy alone.
Depop's GMS surged 39.4% year-over-year to $292 million, bolstered by new user acquisition and improved buyer conversion rates.
The transition in leadership from Josh Silverman to Kruti Patel Goyal is positioned as a strategic move to leverage AI and enhance customer experience.
Key strategic priorities focus on personalized shopper experiences and deepening community loyalty, setting a positive tone for future growth.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit ETSY on AllInvestView.

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