Overview
- Etsy reported first‑quarter revenue of $631.3 million and marketplace sales up 5.5% to $2.5 billion, sending the stock up about 11% after Wednesday’s earnings release.
- Profit and engagement improved as EPS reached $0.89, net income was $104.7 million, adjusted EBITDA margin hit 29.3%, and both active buyers and app spending rose with mobile app GMS up 11.2%.
- Management guided second‑quarter marketplace sales to $2.48 billion to $2.53 billion and said they expect year‑over‑year growth each quarter in 2026, citing limited tariff exposure and AI traffic that is rising but still small.
- Etsy’s sale of Depop to eBay for about $1.2 billion remains on track to close by the end of the third quarter of 2026, moving a Gen Z resale platform into eBay’s lineup.
- eBay posted adjusted EPS of $1.66 on $3.1 billion in revenue with $22.2 billion in gross merchandise volume, and shares wavered as guidance pointed to lower Q2 GMV while the company moves forward with the Depop purchase and a 6.5% workforce cut.