---
schema_version: "secwatch.filing_event.v1"
accession: "0001370637-22-000078"
form_type: "8-K"
ticker: "ETSY"
cik: "0001370637"
company_name: "ETSY INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:51:47.498555+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Etsy reports Q3 net loss of $963.1M on $1B goodwill impairment; revenue up 11.7%

## Summary
- Net loss of $963.1M vs prior-year income; diluted EPS loss of $7.62 includes $8.20 impairment impact.
- Consolidated revenue $594.5M (+11.7% YoY); GMS $3.0B (-3.3% YoY, +0.7% currency-neutral).
- Non-GAAP Adjusted EBITDA $167.8M, margin 28% (-500 bps YoY).
- Etsy marketplace GMS $2.6B (-3.8% YoY; +134% vs Q3 2019); acquired ~6M new buyers.
- Repurchased $151M in stock during Q3; ended with $1.1B cash and investments.

## SEC filing metadata
- accession: 0001370637-22-000078
- form_type: 8-K
- ticker: ETSY
- cik: 0001370637
- company_name: ETSY INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370637/000137063722000078/0001370637-22-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370637/000137063722000078/etsy-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-22-000078
- JSON: https://secwatch.observer/filing/0001370637-22-000078.json
- Plain text: https://secwatch.observer/filing/0001370637-22-000078.txt

## Key facts
- Earnings Releases
  ETSY INC reported for the quarter ended September 30, 2022 results: revenue $594.5 million, net income $963.1 million, EPS $(7.62).
  - Period: for the quarter ended September 30, 2022
  - Revenue: $594.5 million
  - Net income: $963.1 million
  - EPS: $(7.62)
  - Result: reported results
  source text: • Consolidated revenue was $594.5 million, up 11.7% versus the third quarter of 2021, with a take rate (i.e., Consolidated revenue divided by Consolidated GMS) of 19.8%. This revenue performance includes the Etsy marketplace transaction fee increase which went into effect on April 11, 2022. • Net loss was $963.1 million, down $1.1 billion year-over-year, reflecting an impairment charge of $1.0 billion in aggregate to the goodwill of Depop and Elo7. Diluted loss per share was $(7.62), of which $(8.20) is the impact of the impairment charge.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370637/000137063722000078/0001370637-22-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.