Etsy shares surge on Depop sale announcement as Q4 earnings come in mixed

The transaction is expected to adjacent successful the 2nd 4th of 2026, taxable to customary closing conditions. Etsy volition proceed to run Depop until the merchantability is finalized, with the app’s results reported arsenic discontinued operations opening successful the archetypal 4th of 2026.

For Q4, Etsy posted a diluted net per stock of $0.92, surpassing Wall Street’s statement estimation of $0.84. Revenue came successful astatine $882 million, up 6.6% year-over-year and somewhat beneath the $885 cardinal analysts had expected.

Etsy said its maturation successful gross was chiefly driven by beardown show successful on-site advertising, and highlighted gains successful its Home and Living class arsenic good arsenic initiatives similar curated acquisition ideas and Cyber deals.

On a year-over-year basis, Etsy’s consolidated gross merchandise income (GMS) roseate 2.4% to $3.59 billion, oregon up 1.3% connected a currency-neutral basis, excluding prior-year contributions from Reverb, which the institution sold successful June 2025. Consolidated gross accrued 6.6% from the anterior twelvemonth connected a comparable basis, reaching $881.6 million.

Marketplace highlights showed GMS of $3.29 billion, mostly level year-over-year, with the Etsy app accounting for 46% of full GMS. The level had 86.5 cardinal progressive buyers and 5.6 cardinal progressive sellers astatine year-end, with humble sequential gains successful purchaser and seller activity.

"Our wide strategical absorption and coagulated execution are driving advancement connected the travel to bring the Etsy marketplace backmost to sustained growth," Etsy CEO Kruti Patel Goyal said successful a statement.