secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001370637-25-000064
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Etsy Q2 revenue $672.7M (+3.8% YoY), net income $28.8M; GMS down 4.8%; Q3 guidance issued
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- Revenue $672.7M (+3.8% YoY), net income $28.8M (down 45.6% YoY); non-GAAP EBITDA $169.0M (margin 25.1%).
- Consolidated GMS $2.8B (-4.8% YoY); Etsy marketplace GMS $2.4B (-5.4% YoY); Depop GMS $249.6M (+35.3% YoY).
- Sold Reverb on June 2, 2025; completed $700M convertible note private placement; repurchased $335M of stock in Q2.
- Active buyers 87.3M (-4.6% YoY); GMS per active buyer $120 on TTM, stable sequentially.
- Q3 guidance: GMS $2.6B-$2.7B, take rate ~24.5%, adjusted EBITDA margin ~25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063725000064/0001370637-25-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063725000064/etsy-20250730.htm
  HTML page:      https://secwatch.observer/filing/0001370637-25-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer