Core Insights - Etsy, Inc. reported a slight growth in Gross Merchandise Sales (GMS) for Q4 2025 and anticipates GMS growth for FY 2026, driven by strategic initiatives and improved customer engagement [1][2] Financial Performance - Etsy ended Q4 2025 with $1.8 billion in cash and cash equivalents, and repurchased approximately $133 million worth of its common stock during the quarter [1] - Non-GAAP Adjusted EBITDA was $222.5 million, with a margin of approximately 25.2% [1][2] - Net income for Q4 2025 was $110.7 million, down from $129.9 million year-over-year, reflecting a lack of comparable foreign exchange gains [1][2] - Revenue for Q4 2025 was $881.6 million, up 6.6% year-over-year when excluding Reverb's prior-year revenue [1][2] - GMS for Q4 2025 was $3,592.6 million, a 2.4% increase year-over-year, but down 3.8% when including Reverb's prior-year GMS [1][2] Marketplace Performance - Key initiatives included partnerships with Google and Microsoft for AI-powered shopping experiences and an expansion of the third-party shipping partner program into five new markets [1] - Depop, another marketplace owned by Etsy, saw active sellers increase by 41.1% year-over-year, with GMS growing 37.2% on a currency-neutral basis [1][2] Future Outlook - Etsy expects slight year-over-year GMS growth in FY 2026, with positive comparisons in each quarter [2] - The anticipated sale of Depop to eBay for $1.2 billion is expected to close in Q2 2026, with Depop's financial results classified as discontinued operations starting in Q1 2026 [2][3]

Core Viewpoint - Etsy Inc has agreed to sell its fashion marketplace Depop to eBay for approximately $1.2 billion in cash, leading to a significant increase in Etsy's stock price during pre-market trading [1]. Group 1: Company Actions - Etsy has entered into a definitive agreement with eBay for the sale of Depop [1]. - The acquisition price for Depop is approximately $1.2 billion in cash [1]. Group 2: Market Reaction - Following the announcement, Etsy's shares rose by 15.5%, reaching $50.86 in pre-market trading [1].

Shares of eBay and Depop's current owner, Etsy, popped in after-hours trading. ...

eBay to Buy Depop, the Used Clothing Site Favored by Gen Z, for $1.2 Billion - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# eBay to Buy Etsy's Depop for $1.2 Billion. Both Stocks Are Jumping.By [Janet H. Cho]ShareResize---ReprintsIn this a ...

Core Viewpoint - eBay aims to expand its presence in the Gen Z market by acquiring the secondhand fashion marketplace Depop from Etsy for approximately $1.2 billion in cash [1][6]. Group 1: Acquisition Details - The acquisition is expected to close in the second quarter and has been unanimously approved by the boards of eBay and Etsy [8]. - eBay plans to pay for the acquisition in cash, while Etsy intends to use the proceeds for general corporate purposes, share repurchases, and investment in its core marketplace [6]. Group 2: Market Position and Demographics - As of December 31, 2025, Depop had 7 million active buyers, with nearly 90% under the age of 34, and over 3 million active sellers [4]. - eBay's CEO Jamie Ianonne expressed confidence that Depop will be better positioned for long-term growth as part of eBay, benefiting from its scale and operational capabilities [3]. Group 3: Market Reaction - Following the announcement of the acquisition, eBay's shares rose by more than 7%, while Etsy's shares increased by nearly 15% in after-hours trading [9].

Group 1 - Etsy is selling the online secondhand-clothing site Depop to eBay for approximately $1.2 billion [1] - This sale is part of Etsy's strategy to focus more on its main marketplace business [1]

NEW YORK (AP) — Online seller eBay wants a bigger share of the Gen Z market. The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday. The deal comes at a time when used clothing has become increasingly popular, sought out by shoppers searching for unique items that cost less than new ones and keep the old stuff from heading to the landfill. In a statement, eBay's CEO Jamie Ianonne said that the acquisition is a ...

Core Insights - EBay Inc. has agreed to acquire Depop for approximately $1.2 billion in cash, enhancing its consumer-to-consumer (C2C) strategy and targeting a younger demographic [1][3] Company Overview - Depop is a mobile-first fashion marketplace focused on secondhand fashion, with an annual gross merchandise volume of about $1 billion and nearly 60% year-over-year growth in the U.S. [2] - The platform has seven million active buyers, with nearly 90% under the age of 34, and over three million active sellers [2] Strategic Implications - The acquisition will deepen eBay's reach among younger, fashion-forward consumers and expand its presence in the resale market [3] - EBay plans to leverage its global scale, financial services, shipping solutions, and Authenticity Guarantee program to enhance Depop's offerings [3][7] - The transaction is expected to close in the second quarter, pending regulatory approvals, and Depop will retain its name and brand identity [6] Financial Aspects - EBay intends to fund the acquisition using cash on hand, while Etsy will use the proceeds for corporate purposes, share repurchases, and investment in its core marketplace [5] Market Position - Fashion represents over $10 billion in annual gross merchandise volume for eBay, with a 10% year-over-year growth in the U.S. projected for 2025 [7]

Group 1 - Etsy is selling Depop, a secondhand clothing app, to eBay for $1.2 billion in cash to focus on its own marketplace [1] - Depop generated approximately $1 billion in gross merchandise sales in 2025, with nearly 60% year-over-year growth in the U.S. [2] - As of December 31, 2025, Depop had seven million active buyers, with nearly 90% under 34 years old, and over three million active sellers [2] Group 2 - eBay CEO Jamie Iannone expressed confidence that Depop will benefit from eBay's scale and operational capabilities, positioning it for long-term growth [3] - Etsy's year-over-year revenue growth was 2.2% in 2024, a decline from 7.1% growth in 2023 [4] - Etsy CEO Kruti Patel Goyal stated that the transaction allows the company to focus on growing the Etsy marketplace [5] Group 3 - The sale of Depop is part of a pattern where Etsy has acquired and then divested niche online marketplaces, including Elo7 and Reverb [8] - The deal is expected to close in the second quarter of this year [9]

EBay agreed to acquire the fashion marketplace platform Depop from Etsy for about $1.2 billion. https://t.co/o7lFJtcDdt ...