Description
Etsy Inside Scoop: How Depop Is Powering the Next Wave of Growth!
Etsy, Inc. presented a mix of positive and challenging elements in its latest financial performance and strategic outlook, reflecting significant aspects that both potential and current investors may consider. In the third quarter of 2025, Etsy showcased a solid performance that exceeded expectations across key financial metrics, including Gross Merchandise Sales (GMS), revenue, and adjusted EBITDA. For Etsy and its subsidiary, Depop, combined year-over-year GMS returned to growth, demonstrating sequential improvement. Notably, the GMS improved by approximately 300 basis points sequentially, reaching $2.43 billion. Depop, on its part, saw an impressive growth with GMS ascending by 39.4% year-over-year, underscoring an accelerated shift towards stronger digital engagement and improved buyer conversion, particularly in the U.S. A pivotal development is the leadership transition, with CEO Josh Silverman stepping down to allow Kruti Patel Goyal to take the helm in January 2026.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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