Etsy Bets Big on Depop—Hidden Gem Could Spark the Next Resale Revolution! 

Etsy, Inc.’s recent earnings presentation provided a comprehensive overview of their second quarter 2025 financial and operational performance. The results were underpinned by strategic shifts and growth initiatives that have begun to take root, though the overarching narrative was one of balanced progress amid challenging market conditions. Financially, Etsy surpassed revenue expectations with consolidated revenue increasing by approximately 4% year-over-year to $673 million, despite a decline in gross merchandise sales (GMS) by 4.8% on a reported basis. Excluding impacts from their sales division, Reverb, the GMS decline was tempered to 2.6%. This performance marked an improvement from previous quarters, though it still reflects a year-over-year decline, indicating ongoing challenges in the marketplace.