Etsy beats revenue expectations, plans to sell Reverb, focus on core marketplaces.

From NBCUniversal: 2025-04-30 09:26:00

Etsy shares surged in premarket trading after reporting first-quarter revenue of $651.2 million, beating expectations of $643 million. The company posted adjusted earnings per share of $1.03, higher than the 49 cents estimated by LSEG. Despite a net loss of $52.1 million, Etsy plans to sell off Reverb to focus on its core marketplace and Depop. CEO Josh Silverman stated that the company is less dependent on products from China due to tariffs. Etsy is adapting to tariff uncertainties and consumer confidence fluctuations. The company is highlighting products from domestic sellers on its site to mitigate extra costs from tariffs. Approximately 90% of sellers source their products domestically, making Etsy’s business model resilient. Gross merchandise sales fell 6.5% year over year to $2.79 billion, in line with estimates. Etsy forecast GMS to decline similarly in the second quarter. Active sellers on the platform decreased by 11.3% to 8.1 million, while active buyers also fell to 94.8 million. Etsy is focusing on unique gifts and products to stand out in a competitive e-commerce market dominated by Amazon and Chinese online retailers.



Read more at NBCUniversal:: Etsy earnings Q1 2025