Form 8-K · Current Report · Filed 2025-04-30
Etsy Reports Q1 2025 Financial Results and Business Highlights
Etsy, Inc. reported its first quarter 2025 financial results on April 30, 2025. The company announced a consolidated gross merchandise sales (GMS) of $2.8 billion, down 6.5% year-over-year. Consolidated revenue was $651.2 million, up 0.8% compared to the first quarter of 2024, with a take rate of 23.3%. Etsy's marketplace GMS was $2.3 billion, down 8.9% year-over-year. The company saw a decline in active buyers and habitual buyers but increased reactivated buyers and new buyer acquisitions. Etsy also highlighted operational improvements, including product enhancements and marketing initiatives, to drive customer engagement and GMS growth. Additionally, Etsy announced the sale of its Reverb marketplace and provided Q2 2025 financial guidance.
- Filer
- Etsy Inc. ETSY · NASDAQ
- Filed
- Accession
- 0001370637-25-000038
- CIK
- 0001370637
- Signal
- Low impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$46.13
Next session
-7.8%
Since filing
+75.7%
Latest close
$81.03
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ETSY reporting the same item, with the next session's move:
Exhibits (1)
About Etsy Inc.
Etsy Inc. operates as an American e-commerce company dedicated to bringing handmade, vintage, and unique factory-manufactured items to a global marketplace. Its platform facilitates a connection between small business owners, artisans, and craft enthusiasts with a diverse customer base interested in one-of-a-kind goods and sustainable shopping options. Etsy’s primary function is to provide a virtual storefront for individual sellers to market their products, ranging across categories such as jewelry, home decor, clothing, and art, amongst others. By empowering entrepreneurs and small businesses, Etsy supports an ecosystem that champions creative expression and sustainability. Since its inception in 2005, Etsy has significantly impacted the retail sector by offering an alternative to mass-produced goods. Its user-friendly platform and community-centric approach have cemented its role as a leader in the online marketplace for bespoke and artisanal products. Additionally, Etsy's focus on supporting ethical production and fostering a responsible business environment underscores its commitment to social and environmental responsibility.
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