secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2026-08-05T20:06:57+00:00
Accession:  0001370637-26-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 2.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Etsy Q2 GMS +7.5% YoY, net income $114M; announces 12% workforce reduction and $2B buyback
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- Q2 Etsy marketplace GMS $2.6B (+7.5% YoY); revenue $668M (+9.3% YoY); net income $114M (+$67M YoY).
- Adjusted EBITDA $195M (29.2% margin); company raises 2026 outlook.
- Restructuring plan cuts ~220 jobs (12% of workforce); expects ~$35M in severance charges, substantially complete by Q3 2026.
- Board authorizes new $2B stock repurchase program with no expiration.
- Completed sale of Depop to eBay on July 30, 2026; Depop reported as discontinued operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000079/0001370637-26-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000079/etsy-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001370637-26-000079

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