ETSY INC

Etsy operates two-sided online marketplaces that connect millions of creative entrepreneurs with buyers globally. The Etsy marketplace serves as a global destination for unique, creative goods from independent sellers, linking artisans with consumers seeking items reflecting their tastes and values. The company also operated Depop Limited ("Depop"), a fashion resale marketplace acquired in 2021. Total consolidated Gross Merchandise Sales ("GMS") in 2025 was $11,916.9 million. Of this, Etsy marketplace GMS was $10,460.7 million, representing 87.8% of the total, and Depop generated $1,074.9 million, or 9.0% of the total GMS. On February 15, 2026, Etsy and eBay Inc. ("eBay") entered into a Sale and Purchase Agreement for eBay to purchase Depop for $1.2 billion in cash, subject to certain adjustments. Etsy will continue to own and operate Depop until the transaction closes, with Depop's financial results classified as discontinued operations on Etsy's consolidated financial statements for current and prior periods starting in the first quarter of fiscal year 2026. On June 2, 2025, Etsy completed the sale of Reverb Holdings, Inc.