Etsy's CEO Kruti Patel Goyal highlighted the company's three-pronged AI approach: enhancing personalization, improving discoverability, and developing conversational shopping tools. This strategy has led to a sequential increase of 350,000 active buyers, stable year-over-year buyer numbers, and a 7.5% rise in gross merchandise sales to $2.6 billion in Q2 2026. AI-driven improvements in search and ad relevance contributed to a higher take rate of 25.9%. Etsy also shifted marketing to platforms like YouTube and TikTok, boosting engagement among younger buyers. The company sold its Depop marketplace to eBay, using proceeds for share buybacks, and raised its full-year growth outlook. Etsy is cautiously observing live shopping trends but has no immediate plans to enter that space.
Etsy reported strong Q2 results with better-than-expected growth in Gross Merchandise Sales (GMS), despite revenue impacts from selling off Reverb and Depop. The company’s outlook is positive, supported by GMS growth, stable take rates, and improved ...
Etsy reported strong second-quarter results with a 7.5% year-over-year growth in gross merchandise sales, driven by higher order values and more active buyers. The company announced a 12% reduction in headcount and authorized a $2 billion share buyba...
Etsy, the online marketplace for unique and creative goods, announced that its executives will participate in the Canaccord Genuity 46th Annual Growth Conference in Boston. A webcast fireside chat is scheduled for August 12, 2026, at 8:00 a.m. ET, al...
Missouri voters decisively rejected Amendment 5, which would have ended the state's income tax and expanded sales taxes, due to concerns over tax burden shifts and program cuts. Etsy announced layoffs of about 220 employees, roughly 12% of its workfo...
Etsy announced layoffs affecting about 220 employees, or roughly 12% of its workforce, mainly in product and engineering teams. CEO Kruti Patel Goyal stated the cuts aim to simplify the organization and accelerate innovation to compete with giants li...
