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AI brief of an SEC Form 8-K · Etsy (ETSY)

Etsy Q3 net income rises to $75.5 million; revenue up 2.4% as reported

Positive Impact 3 of 5 earnings Written later

Etsy reported third-quarter 2025 results for the period ended September 30, 2025. Revenue was $678.0 million, up 2.4% as reported and up 6.1% excluding the Reverb business it sold on June 2, 2025, while net income rose to $75.5 million from $57.4 million a year earlier. Adjusted EBITDA fell 6.4% to $171.9 million, and the company guided fourth-quarter Adjusted EBITDA margin to about 24%, citing planned Depop marketing investment.

Key points

  • Q3 revenue was $678.0 million, up 2.4% as reported and up 6.1% excluding Reverb; diluted EPS was $0.63 versus $0.45 a year earlier.
  • Q3 GMS was $2,724.7 million, down 6.5% as reported and up 0.9% excluding Reverb; the company said it exceeded the top end of its consolidated GMS guidance range.
  • Adjusted EBITDA was $171.9 million, down 6.4%, with a 25.4% margin versus 27.7% a year earlier.
  • Q4 2025 guidance: GMS of $3.5 billion to $3.65 billion, take rate of about 24.5%, and Adjusted EBITDA margin of about 24%.

The filing

CompanyEtsy (ETSY)
Form8-K, current report
Filed with the SECOct 29, 2025, 7:02 AM ET
Accession number0001370637-25-000098

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.